Cboe Global Markets initiated with a Sector Perform at RBC Capital

RBC Capital initiated coverage of Cboe Global Markets with a Sector Perform rating and $220 price target. The firm says increased volatility from macro and geopolitical uncertainty should sustain accelerated derivatives volume near term, while Cboe’s Market Data and Access growth should accelerate going forward. However, the firm sees a potential slowdown in the company’s zero-days-to-expiration growth over the medium term.