RBC Capital analyst Ashish Sabadra raised the firm’s price target on Cboe Global Markets (CBOE) to $254 from $220 and keeps a Sector Perform rating on the shares after its Q2 earnings beat. DataVantage and Cash Equities’s double-digit growth was the key driver behind the revenue upside surprise in the quarter, and despite higher incentive compensation, CBOE reduced its expense guidance by $5M, the analyst tells investors in a research note.
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