CBOE Holdings growth story should play out over year, says UBS UBS believes CBOE Holdings is still in the early innings of its growth cycle and the firm expects the growth story to play out over the course of the year. The firm sees a potential for a turnaround in volume given the market's recent volatility. UBS believes CBOE's solid initiatives and buybacks justify a premium valuation and the firm keeps its Buy rating and $57 price target on the stock.
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.