BUZZ-Cboe shares fully valued as volatility retreats, Argus says

Reuters11-28
BUZZ-Cboe shares fully valued as volatility retreats, Argus says

** Derivatives exchange operator CBOE's CBOE.Z shares fully valued as market volatility retreats, brokerage Argus Research says

** Argus expects lower volatility levels in the coming months and stiffer competition for CBOE to maintain market share

** Brokerage says a "hold" rating remains appropriate and would consider to move CBOE back to "buy" on any non-fundamental pullback

** Last month, Cboe posted record Q3 profit, driven by strong derivatives volumes and growth in its data business

** 3 of 17 brokerages rate the stock "buy", 11 "hold" and 3 "sell"; their median PT is $265 — data compiled by LSEG

** As of last close, Cboe up 32% YTD

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment