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Fly News Breaks for January 14, 2020
NDAQ
Jan 14, 2020 | 07:46 EDT
Wells Fargo analyst Christopher Harris raised his price target for Nasdaq to $122 from $111 following the release of its volume and revenue capture data and as he rolls forward the base year for valuation purposes to 2021. The analyst notes that the reported trading revenue for Q4 was slightly higher than his prior forecast but was offset by a reduction in his non-trading revenue estimate for the quarter. Harris has an Overweight rating on the shares.
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