CBOE Holdings CEO and Chairman William Brodsky to step down in May 2013 Following the annual meeting, it is anticipated that he will assume the role of Executive Chairman of the Board. The company has elected President and COO Edward Tilly as CEO following the 2013 Annual Meeting in May 2013.
CBOE Holdings shares have more downside risk, says Citigroup Citigroup says that despite the recent pullback, shares of CBOE Holdings have additional downside risk. Citi thinks a "steep" valuation, disappointing volumes and high expectations will push the stock lower. It cut its price target for shares to $52 from $54 and keeps a Sell rating on CBOE.