Cboe Global Markets initiated with an Equal Weight at Barclays

Barclays initiated coverage of Cboe Global Markets with an Equal Weight rating and $146 price target. Cboe is a natural beneficiary of the growth of derivatives trading in the U.S. and around the world, and the company’s acquisition strategy “is beginning to take shape,” the analyst tells investors in a research note. However, its Data and Access Solutions growth is a bit back-end weighted in fiscal 2023, and the company is continuing to spend for longer-term growth, says the firm. As such, Barclays finds the shares fairly valued.