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Morgan Stanley Ups Bats Price Target On CBOE Acquisition

CBOE Holdings (CBOE) said it would acquire Bats Global (BATS), and Morgan Stanley today upped the latter’s price target on the deal. Analyst Betsy Graseck and her team reiterated their Equal Weight rating on the stock, but raised their price target from $26 to $32.50, citing the deal, expected to close in the first half of next year.
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