Euronext price target raised to EUR 98 from EUR 93 at JPMorgan

JPMorgan raised the firm’s price target on Euronext to EUR 98 from EUR 93 and keeps an Overweight rating on the shares following quarterly results. The firm also increased its FY24/2025 EPS by 4%, reflecting modestly higher revenue estimates, mainly driven by the expectation of stronger fixed income and clearing revenues, as well as lower operating costs, which for FY24 it estimates at EUR 623M.