Citi lowered the firm’s price target on Nasdaq (NDAQ) to $75 from $84 and keeps a Neutral rating on the shares. The company’s outlook “remains somewhat challenged,” the analyst tells investors in a research note. Citi says trading activity has been robust in recent periods, which should benefit Nasdaq’s Q1 and will likely remain healthy near-term given current volatility levels. But looking ahead, it sees potential headwinds across several other businesses.
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