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NYSE Euronext’s Target, Estimates Boosted at Morgan Stanley (NYX)

By Dividend.com,  August 06, 2010, 08:59:47 AM EDT

Stock exchange operator NYSE Euronext ( NYX ) saw its price target and earnings estimates boosted on Friday by analysts at Morgan Stanley.

The firm now expects NYX shares to reach $36, which represents a potential 19% upside to the stock's Thursday closing price of $30.22. Morgan Stanley also raised its estimates for the company, citing expected earnings growth from European interest rate derivatives, as well as its self-clearing businesses.

The analyst currently rates NYX as "Equal-weight."

NYSE Euronext shares were mostly flat in premarket trading Friday.

The Bottom Line
Shares of NYX have a 3.97% dividend yield, based on last night's closing stock price of $30.22. The stock has technical support in the $27 price area. If the shares can firm up, we see overhead resistance around the $32-$34 price levels. We would remain on the sidelines for now.

NYSE Euronext ( NYX ) 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 Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: NYSE, NYX



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