NASDAQ Gets a Buy from Barclays on Valuation, Cash Flow, Diversified Business ModelVW Staff
Kenneth Hill, CFA of Barclays PLC (NYSE:BCS) (LON:BARC) is reinstating his rating of NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) at Overweight with a price target of $39. His Overweight rating is predicated on the firm’s attractive valuation, solid cash flow generation and diversified business model. Looking at the exchange he notes that NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) scores relatively well in the capital returns portion of our analysis (despite temporarily halting share repurchases), on . . .
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