Wednesday, March 7, 2007

Ahead of the upgrade - NYX ....water ends flat.

S&P INITIATES COVERAGE ON SHARES OF NYSE GROUP WITH BUY OPINION
S&P Marketscope - March 07, 2007 2:34 PM ET
NYX83.90 -2.44

We believe this operator of the NYSE and NYSE Arca exchanges is well positioned for an increasingly global competitive environment. We view as positive NYX's acquisition of Euronext, pending necessary approvals, and the product and geographic diversification it will bring. Despite the risks associated with integrating Euronext, rolling out hybrid trading, and implementing Reg. NMS, we see '07 as a positive transformational year for NYX. We estimate '07 EPS of $2.38, and '08's at $2.88. Our 12-month target price of $98 reflects a P/E of 41X our '07 estimate, a premium to peers.

SIDE NOTE***** did you take 5% gain in CWT like we recommended, it ended at 38.14+0.03 (+0.08%)....the diphilosphy of taking gains at 5% and 10% is there to LOCK IN PROFITS!

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