Piper Jaffray Discontinues Coverage on NYSE Euronext (NYX)

Piper Jaffray is out with a research report this morning, where it discontinues coverage on NYSE Euronext NYX; it previously had an Underweight rating with a $31.00 price target. The analysts said, “We are discontinuing coverage of NYSE Euronext due to a realignment of analyst resources.” They added, “Investors should no longer rely on our last published rating, price target, model, or estimates on NYSE Euronext, as they will not be updated following the discontinuation of coverage date.” NYSE Euronext is a leading provider of securities listing, trading and market data products and services.