(Updated - April 10, 2018 7:59 AM EDT)

(updated to add analyst comment)

Bernstein initiates coverage on CBOE Holdings (NASDAQ: CBOE) with a Market Perform rating and a price target of $110.00.

Analyst Christian Bolu comments "CBOE is a multi-asset class exchange spanning highly defensible proprietary index products (VIX, SPX), equities, FX and non-transaction businesses. While we believe it is too early to gauge the long-term fallout from the recent demise of VIX related ETPs, we believe CBOE's diverse product set should drive continued solid firmwide growth–more so as we enter a more normalized volatility regime. Looking forward, upgrades to CBOE technology platform, accelerating capital return and BATS synergy realization are positive catalyst for the stocks."

For an analyst ratings summary and ratings history on CBOE Holdings click here. For more ratings news on CBOE Holdings click here.

Shares of CBOE Holdings closed at $109.34 Friday.

Analyst Comments New Coverage