EURONEXT : Credit Suisse reiterates its buy recommendation
The analyst points out that Adjusted EBITDA was 2% ahead of Credit Suisse and consensus expectations, thanks to a slightly better-than-expected cost result in the quarter.
After the failure of the attempted acquisition of Allfunds, we remain attentive to other diversification / growth-enhancing operations', says Credit Suisse.
'Euronext is, in our opinion, cheap relative to its peers and its own trading history. We expect this discount to narrow over time, as Euronext realizes its synergy and growth plans and demonstrates continued M&A discipline' adds the research house.
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