NYSE Euronext (NYX) InterContinental Exchange Inc. (ICE) Combo?
Shares of InterContinental Exchange Inc. jumped Wednesday after an analyst rated the futures-market operator at "Outperform," amid takeover speculation following its unsuccessful bid for the Chicago Board of Trade.
In reinstating coverage of the Atlanta-based company, William Blair & Co. analyst Mark Lane wrote in a client note that the fast-growing online exchange is "one of the most dynamic growth companies" in the financial services sector.
"The company holds a unique and durable competitive position within the global exchange industry, and we believe ICE would serve as a very attractive acquisition target or merger partner for certain exchanges looking to diversify while enhancing growth," he wrote.
The NYSE needs a futures exchange to be able to compete with the CME. This is the only logical analysis.
In reinstating coverage of the Atlanta-based company, William Blair & Co. analyst Mark Lane wrote in a client note that the fast-growing online exchange is "one of the most dynamic growth companies" in the financial services sector.
"The company holds a unique and durable competitive position within the global exchange industry, and we believe ICE would serve as a very attractive acquisition target or merger partner for certain exchanges looking to diversify while enhancing growth," he wrote.
The NYSE needs a futures exchange to be able to compete with the CME. This is the only logical analysis.
Labels: ICE, InterContinental Exchange Inc., NYSE Euronext Inc, NYX
posted by Stock Administrator @ 3:40 PM
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