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Cboe Global Markets price target raised to $256 from $235 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Cboe Global Markets (CBOE) to $256 from $235 and keeps an Overweight rating on the shares. The firm prefers defensive Cboe in this environment given more limited downside risk in a less certain macro backdrop with the exchanges business model benefiting from elevated volatility and uncertainty that supports upward bias for volumes across options complex, the analyst tells investors.

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