UBS lowered its price target on Nasdaq OMX Group Inc. (NASDAQ: NDAQ) to $81.00 (from $85.00) while maintaining a Buy rating, following the company's first quarter report.

Analyst Alex Kramm notes the company's shares have underperformed since the first quarter print, as organic growth slowed, while outlook on recurring business units appear weak, resulting in a revenue result below consensus, despite a beat on EPS.