CBOE Holdings estimates reduced on lower volumes at UBS UBS lowered CBOE Holdings Q2 EPS estimate to 50c vs. consensus of 54c due to lower than expected May volumes. The firm maintains its Buy rating and views CBOE as the best fundamental growth story in the industry. Price target lowered to $57 from $58.
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.