NYSE Euronext’s Target, Estimates Raised at Goldman Sachs (NYX)

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Stock exchange operator NYSE Euronext ( NYX ) on Monday saw its price target and earnings estimates boosted by analysts at Goldman Sachs.

The firm said it now expects NYX shares to reach $34, which implies an 18% upside to the stock's Thursday closing price of $29.69.

Goldman also boosted its fourth quarter and full-year 2010 earnings estimates for the company, citing expected benefits from rising European currencies. The analyst also expects higher trading volumes and M&A activity to bolster profits.

NYSE Euronext shares were mostly flat in premarket trading Monday.

The Bottom Line
Shares of NYSE Euronext ( NYX ) have a 4.04% dividend yield, based on Friday's closing stock price of $29.69. The stock has technical support in the $26-$27 price area. If the shares can firm up, we see overhead resistance around the $32 price levels.

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.

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Referenced Stocks: NYX

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