Keefe, Bruyette & Woods Upgrades Nasdaq OMX To Outperform (NDAQ)

Analysts at Keefe Bruyette & Woods upgraded shares of Nasdaq OMX Group NDAQ to Outperform today with a $24.00 price target. They wrote that "we believe NDAQ's stock price represents significant value trading close to 7x what we expect to be resilient free cash flow. The current environment is good for business and we believe management has made significant strides to position its balance sheet to facilitate acquisitive growth and share repurchases." During today's trading session, NDAQ shares have gained 0.81% to $18.74. The NASDAQ OMX Group, Inc. is a global exchange group that delivers trading, exchange technology, securities listing, and public company services across six continents.