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ubs raises cboe price target to 245 amid strong first quarter results
UBS has raised its price target for CBOE Holdings to $245 from $235 while maintaining a neutral rating, following strong first-quarter results that exceeded expectations. The stock, currently trading at $228.48, reflects a 58.44% return over the past year, driven by higher non-trading revenues and reduced expenses. Despite the positive outlook, UBS remains cautious, noting that CBOE's stock movement will likely be influenced by near-term volume trends rather than strategic changes under new CEO Craig Donohue.
ubs raises cboe price target to 245 while maintaining neutral rating
UBS analyst Alex Kramm has raised the price target for CBOE Holdings to $245 while maintaining a Neutral rating, following strong first-quarter results that exceeded expectations. The stock, currently trading at $228.48, reflects a 58.44% return over the past year, with significant growth potential noted in retail and foreign markets. Despite positive developments, including the appointment of a new CEO and innovative product launches, CBOE's shares fell 1.25% in pre-market trading, indicating a cautious outlook amid slightly overvalued conditions.
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