Credit Suisse Reiterates Underperform, Lowers Price Target On CBOE Holdings As Volume Trends Remain Challenged

Courtesy of Benzinga.

In a report published Tuesday, Credit Suisse analyst Christian Bolu reiterated an Underperform rating on CBOE Holdings, Inc. (NASDAQ: CBOE), but lowered the price target from $63.00 to $58.00.

In the report, Credit Suisse noted, “Earlier this evening, Chicago Board Options Exchange reported February month business trends. Overall activity was tepid, led by weak activity within the VIX complex (options -52% yr/yr, futures -23%). Multi-listed options market share fell a bit, and pricing was modestly weaker than we’d anticipated (index/futures RPC +1-2% mth/mth) in light of the significant drop in like-for-like volumes (-14% mth/mth).”

CBOE Holdings closed on Monday at $59.48.

Posted-In: Christian Bolu Credit SuisseAnalyst Color Price Target Analyst Ratings