Cboe Global Markets Reports Results for Third Quarter 2024

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CBOE Holdings (CBOE) PT Lowered to $212 at Deutsche Bank

November 4, 2024 5:10 AM EST

Deutsche Bank analyst Brian Bedell lowered the price target on CBOE Holdings (NYSE: CBOE) to $212.00 (from $214.00) while maintaining a Hold rating.

The analyst comments "We see CBOE's 3Q results as being mixed overall, with adjusted EPS of $2.22 above $2.19 Consensus and our $2.17 estimate (core EPS at $2.21 considering a 1-cent tailwind from a lower effective tax rate of 29.2% vs. our 29.5% est). The EPS beat was driven by higher-than-expected total net revenue,... More