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Fly News Breaks for September 27, 2016
BATS, CBOE
Sep 27, 2016 | 07:09 EDT
As noted earlier, RBC Capital downgraded CBOE to Sector Perform from Outperform. Analyst Andrew Bond says that CBOE's growth is "more limited" following is acquisition of Bats (BATS). He says that the transaction exposes CBOE "to less defensible and more competitive asset classes." Target to $68 from $78.
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