CBOE Holdings (CBOE): Believe the Co Will Be Acquired $35-37/Share Range – Credit Suisse

Credit Suisse is upgrading CBOE Holdings (NASDAQ:CBOE) to Outperform from Neutral with a $32 target (prev $25) noting they see a high likelihood of the exchange being bought in the coming months. Historically, exchange consolidation has come in waves, and CSFB sees a high likelihood of at least 1-2 more deals over the coming months. [...]