Morgan Stanley upgraded Cboe Global Markets (CBOE) to Overweight from Underweight with a price target of $235, up from $193. In a tougher macro backdrop with greater need to hedge risks, the firm sees upside to exchanges volumes, most notably rates, credit and index options. The exchanges are “a defensive safe haven” in periods of uncertainty given greater need by market participants to manage and hedge risks, the analyst tells investors.
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 upgraded to Overweight from Underweight at Morgan Stanley
- Cboe Global Markets price target raised to $232 from $216 at Barclays
- arketwide option volume on pace for 100M contract day
- Cboe Global Markets reports March trading volume
- Cboe Global Markets price target raised to $260 from $251 at BofA