Barclays analyst Benjamin Budish downgraded Cboe Global Markets (CBOE) to Equal Weight from Overweight with a price target of $220, down from $230. Market conditions for the brokers, asset managers and exchanges look constructive going into 2025, particularly for the alternatives and brokers, where Barclays is the most positive, the analyst tells investors in a research note. The firm adjusted ratings as part of its 2025 outlook.
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