NYSE Euronext, Inc. (NYX)
by Zacks Equity ResearchOctober 02, 2012 | Comments : 0 Recommended this article: (0)
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at email@example.com or call 800-767-3771 ext. 9339.
Meanwhile, the recent termination of the European launch of a new electronic retail derivatives market, which was slated to launch in the first quarter of 2013 has also eliminated a long-term revenue potential. We do not expect any radical growth in the top-line unless the current market recovery provides resonance to liquidity and credit quality.
Our six-month target price of $22.00 equates to about 11.3x our earnings estimate for 2012. With an annual dividend of $1.20, this price target implies a negative total return of 8.3% over that period. This is consistent with our long-term Underperform recommendation on the shares.
Read the full reports :
Please login to Zacks.com or register to post a comment.