Euronext: still gas in the tank, RBC says.
(CercleFinance.com) - RBC Capital Markets reiterated on Friday its "outperform" rating for Euronext, saying that there is still some gas in the financial exchange's tank.
In a research note dedicated to the European market infrastructure sector, the broker says its stance on Euronext remains positive and increases its price target to 50 euros, from 47 euros.
RBC explains that two factors (stronger-than-anticipated second-quarter volumes and the pending acquisition of FastMatch) positively impacted its forecasts.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In a research note dedicated to the European market infrastructure sector, the broker says its stance on Euronext remains positive and increases its price target to 50 euros, from 47 euros.
RBC explains that two factors (stronger-than-anticipated second-quarter volumes and the pending acquisition of FastMatch) positively impacted its forecasts.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.