Piper Sandler analyst Patrick Moley raised the firm’s price target on Cboe Global Markets to $174 from $160 and keeps an Overweight rating on the shares. Piper expects CBOE to report its fifth consecutive record quarter for index option volumes and the tenth consecutive quarter-over-quarter increase in volumes, the analyst tells investors in a research note. The firm raised its Q3 EPS estimate by 3c to $1.80 due to continued outperformance in proprietary derivatives volumes.
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