Euronext: RBC Capital Markets raises target price.
(CercleFinance.com) - RBC Capital Markets has raised its target price on the Euronext stock, saying that "upgrades continue.
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In a research report sent to clients, RBC writes that the group's third-quarter results should confirm Euronext as a "growth story with strong cost control."
"Additional M&A remains possible and could drive further upside, and potential deals include the acquisition of Trayport and bringing the Irish Stock Exchange into Euronext's federal model", it added.
RBC has therefore raised its target price on the Euronext stock from 51 euros to 58 euros, while keeping its "outperform" rating on the stock.
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.
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In a research report sent to clients, RBC writes that the group's third-quarter results should confirm Euronext as a "growth story with strong cost control."
"Additional M&A remains possible and could drive further upside, and potential deals include the acquisition of Trayport and bringing the Irish Stock Exchange into Euronext's federal model", it added.
RBC has therefore raised its target price on the Euronext stock from 51 euros to 58 euros, while keeping its "outperform" rating on the stock.
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.