J.P. Morgan Raises PT on NYSE Euronext to $34 (NYX)

J.P. Morgan is out with its report today on NYSE Euronext NYX, raising its PT from $32.50 to $34. In a note to clients, J.P. Morgan states, "NYX reported 4Q10 EPS of $0.46 beating estimates mainly due to lower than expected comp and SG&A expenses. We lower our 2011 and 2012 estimates slightly on a slower volume start to the year than previously modeled, partially offset by lower than expected expenses. We rate NYSE Neutral, but increase our 12/11 target slightly reflecting solid execution in its technology franchise." Shares of NYX are trading pre-market at $33.60, up 0.57% from Tuesday's close.