Jan 10, 2025
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 investor