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Fly News Breaks for January 7, 2019
CBOE
Jan 7, 2019 | 09:27 EDT
As previously reported, Sandler O'Neill analyst Richard Repetto upgraded Cboe Global Markets to Buy from Hold, stating that he believes the recent increase in volatility, which has benefits to Cboe, has a "good chance" of sustaining over the moderate term. Proprietary product volume increases in December Q4 have been the second best since February and Q1, though the stock is trading at its lowest multiple levels since 2013, Repetto noted. He has a $115 price target on Cboe shares.
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