CBOE Loses Its Edge? Analyst Downgrades Stock On Valuation Worries, Volume Slowdown
1. BofA downgraded CBOE from Buy to Neutral; price target reduced. 2. CBOE outperformed peers with a 5% YTD return amidst broader declines. 3. Caution raised due to potential trading volume deceleration in 2025. 4. CBOE's valuation increased relative to peers; 15% higher on a PE basis. 5. Earnings estimates lowered for 2025-2027 due to expected market changes.