BofA analyst Eli Abboud raised the firm’s price target on Cboe Global Markets (CBOE) to $271 from $260 and keeps a Neutral rating on the shares. The company reported adjusted EPS of $2.67, beating consensus and BofA estimates, while simultaneously announcing that it is beginning a sales process for Cboe Australia & Canada, exiting corporate listings and curtailing spending within its ETP listings, Cboe Europe and analytics businesses. Though the firm thinks that Cboe’s expansion into additional client channels and geographies is a promising long-term opportunity, it is cautious on the near-term growth trajectory, the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CBOE:
- Cboe Global Markets price target raised to $265 from $255 at UBS
- Cboe Global Markets price target raised to $274 from $227 at TD Cowen
- Cboe Global Markets price target raised to $265 from $260 at Citi
- Cboe Global Markets price target raised to $269 from $257 at Keefe Bruyette
- Cboe Global Markets price target raised to $290 from $270 at Piper Sandler