Argus analyst Kevin Heal raised the firm’s price target on Nasdaq (NDAQ) to $82 from $76 and keeps a Buy rating on the shares. The company’s business fundamentals are strong, and the firm expects Nasdaq to benefit from an expanding range of data services as well as growth in equity-related trading and ETF index revenues, the analyst tells investors in a research note. Argus adds that it sees Nasdaq generating further growth in the licensing of proprietary indices, investment analytics, and investor relations and environmental, social, and governance services.
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