Keefe,Bruyette,Woods Report on Shares of NYSE Euronext

Keefe, Bruyette, Woods reports on shares of NYSE Euronext (NYX). Analysts report, "We expect expenses to continue to decline from 1Q11 levels, but volume is also tracking down in 2Q11and ~50% of NYX's revenue is still tied to transaction-related businesses. We decrease ests and maintain our PT of $43. See PDF for model/delta." Shares of NYSE Euronext (NYX) closed at 39.75 yesterday.