NASDAQ downgraded to Market Perform from Outperform at Keefe Bruyette Keefe Bruyette downgraded NASDAQ after lowering its 2013 exchange volume assumptions. The firm dropped its price target for shares to $26 from $29.
Nasdaq to acquire Marketwired Nasdaq announced that it has entered into a definitive agreement to acquire Marketwired, a leading global provider of news distribution services and analytics for communications professionals. Marketwired services over 8,500 clients, including Forbes 2000 companies, private corporations and public relations agencies. Subject to customary conditions, the deal will be funded through a mix of debt and cash on hand and is expected to close in Q1. The acquisition is expected to be accretive to Nasdaq's non-GAAP earnings within twelve months of closing and should have no material impact on Nasdaq's financial leverage or capital return strategy.