UBS Resumes Nasdaq OMX Group Inc. (NDAQ) at Buy

UBS resumes coverage on Nasdaq OMX Group Inc. (NASDAQ: NDAQ) with a Buy rating and a price target of $67.00 (from $29.00), calling it the most defensive stock in their exchange coverage.

Analyst Alex Kramm commented: "Having previously suspended our coverage of NDAQ, we are now relaunching with a Buy rating. Nasdaq's business mix has continued to evolve since we last covered the stock actively, and we believe management's continued efforts to create more visibility should attract a new investor base and drive further multiple expansion. With equity markets becoming more uncertain recently, we also view NDAQ as the most defensive stock in our exchange coverage while still offering upside from a cyclical upturn in volatility and volume.

For an analyst ratings summary and ratings history on Nasdaq OMX Group Inc. click here. For more ratings news on Nasdaq OMX Group Inc. click here.

Shares of Nasdaq OMX Group Inc. closed at $57.28 yesterday.

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