Back to Main

NYSE Euronext Upgraded by Stifel Nicolaus (NYX)

By: Dividend.com
Posted: 11/12/2012 9:01:00 AM
Referenced Stocks: NYX

Financial market, NYSE Euronext( NYX ) was upgraded by Stifel Nicolaus to a "Buy" on Monday.

The firm has upgraded NYX from a "Hold" to a "Buy," and has given the company a $27 price target. This price suggests a 15% increase over the stock's current price of $22.95.

Analysts believe that the stocks's 52-week low price is attractively valued.

NYSE Euronext shares were mostly flat during premarket trading Monday. The stock is down 12.07% YTD.

The Bottom Line
Shares of NYSE Euronext ( NYX ) have a 5.23% dividend yield, based on Friday's closing stock price of $22.95. The stock has technical support in the $20-$21 price area. If the shares can firm up, we see overhead resistance around the $25-$26 price levels.

NYSE Euronext( NYX ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 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 .