TD Cowen raised the firm’s price target on Cboe Global Markets (CBOE) to $365 from $293 and keeps a Hold rating on the shares. The firm uupdated its model following better than expected Q1 results and updated guidance, including significantly lower costs following further platform streamlining under new management.
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Read More on CBOE:
- Cboe Global Markets price target raised to $335 from $300 at Keefe Bruyette
- Cboe Global Markets price target raised to $382 from $351 at Barclays
- Cboe Kept at Hold as Strong Earnings and Strategic Shift Are Offset by Market-Share Pressures and Premium Valuation
- Cboe Global Markets Announces Major Restructuring and Cost Cuts
- Cboe expects to reduce workforce by 20%
