Deutsche Bank Downgrades Nasdaq OMX Group Inc. (NDAQ) to Hold; Upgrading ICE on Lowered Expectations, Higher Volumes

Deutsche Bank downgraded Nasdaq OMX Group Inc. (NASDAQ: NDAQ) from Buy to Hold.

Analyst, Michael Carrier, said, "We are swapping out of NDAQ (moving to Hold) and into ICE (NYSE: ICE) (moving to Buy from Hold). While ICE, NDAQ, and the exchange sector have been under pressure due to weak volumes/tough comps, we view this as mostly priced in to the stocks at this point (particularly if we get a pick-up in volatility). That said, while the FB issue will likely weigh on NDAQ in the near term, the combination of lowered expectations, a pick-up in volumes, OI & volatility, & the longer term growth opportunities, makes ICE more attractive."

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 $22.32 yesterday.

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