Morgan Stanley analyst Michael Cyprys raised the firm’s price target on Cboe Global Markets (CBOE) to $273 from $246 and keeps an Underweight rating on the shares. Better Q1 earnings for brokers and exchanges should modestly beat consensus, but the firm sees modest forward estimate risk and notes in a preview for the group that its forecasts for the group are now 4%-5% below consensus in 2026-27 on average.
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