Equities exchange operator NYSE Euronext (
) on Thursday saw its earnings estimates lowered by analysts at
The firm said it cut its estimates for NYX through 2012, while
maintaining its "Equal-weight" rating and $36 price target. That
target represents an expected 28% upside to the stock's Wednesday
closing price of $28.09.
Morgan Stanley noted it made the earnings estimate adjustment
because the company will probably see lower U.S. equity
NYSE Euronext shares were mostly flat in premarket trading
The Bottom Line
Shares of NYX have a 4.27% dividend yield, based on last night's
closing stock price of $28.09. The stock has technical support in
the $25-$26 price area. If the shares can firm up, we see overhead
resistance around the $31-$32 price levels. We would remain on the
sidelines for now.
NYSE Euronext (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the
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, as well as a detailed explanation of
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