Argus analyst Kevin Heal raised the firm’s price target on Cboe Global Markets to $161 from $148 and keeps a Buy rating on the shares. The company stands to benefit from increased market volatility in its proprietary VIX index, and from its ability to provide greater price transparency in options trading, the analyst tells investors in a research note. CBOE also continues its expansion outside the U.S. through its acquisitions including EuroCCP, Canadian trading platform NEO, and Chi-X Asia Pacific, the firm adds, noting that at 20-times expected 2023 earnings, shares “remain attractive”.
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