Cboe Global Markets initiated with a Market Perform at William Blair

William Blair initiated coverage of

Cboe

Global Markets (CBOE) with a Market Perform rating and no

price target

The firm does not expect multiple expansion for the shares as zero days to expiration options mature and the company’s derivatives revenue growth normalizes. Cboe’s strategic initiatives should support margin stability, higher capital return, and organic growth, however, and this should drive earnings growth in the mid- to high-single digits in 2025 and 2026, the analyst tells investors in a research note. Blair views the stock as fairly valued.

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