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Fly News Breaks for March 26, 2015
CBOE
Mar 26, 2015 | 06:23 EDT
Citigroup says that despite the recent pullback, shares of CBOE Holdings have additional downside risk. Citi thinks a "steep" valuation, disappointing volumes and high expectations will push the stock lower. It cut its price target for shares to $52 from $54 and keeps a Sell rating on CBOE.
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