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UPDATE: UBS Downgrades CBOE Holdings (CBOE) to Neutral

February 9, 2015 7:16 AM EST

(Updated - February 9, 2015 2:42 PM EST)

UBS downgraded CBOE Holdings (NASDAQ: CBOE) from Buy to Neutral with a price target of $62 (from $66). Analyst Alex Kramm thinks shares could be ready for a pause.

"While we still see significant structural growth drivers (volatility becoming an... More