Morgan Stanley gives Nasdaq bullish rating on tailwinds strategy shift/strong>
Liz Kiesche, 11 June 2021
Morgan Stanley analyst Michael Cyprys, favoring U.S. exchange operators that are shifting toward recurring revenue and benefiting from secular tailwinds, initiates coverage of Nasdaq (NDAQ +2.3%) at Overweight, Intercontinental Exchange (ICE +0.5%) and CME Global (CME +0.5%) at Equal-Weight, and Cboe Global (CBOE -0.2%) at Underweight.
Sees upside from NDAQ’s move to catch tailwinds from data and analytics, ESG and anti-financial crime, and index segments. Continue reading “Article: Morgan Stanley gives Nasdaq bullish rating on tailwinds strategy shift”
