Euronext NV (ENX:FP) (EUXTF) PT Raised to EUR94 at HSBC, 'shares are still trading at a double-digit discount'The analyst commented: "Euronext delivered better than expected Q4 results on 15 February as operating performance, with adj. EBITDA of EUR216.3m, was 5% above HSBCe and 3% above consensus. Furthermore, the pre tax result of EUR177m was 8% above our expectations due to a far better result from equity investments. Finally, net profit of EUR130.6m was 12% above our expectations and 11% above consensus due to lower taxes, leading to a DPS proposal of EUR2.48, being 6% above our estimate of EUR2.33, yielding 2.9%.