JP Morgan Adjusts Estimates, Maintains Rating on CBOE Holdings

J.P. Morgan has published a report on CBOE Holdings (NASDAQ: CBOE) adjusting estimates on the options exchange.

In the report, J.P. Morgan wrote, "CBOE reported 2Q11 EPS of $0.36, beating our estimate and consensus by $0.03. Revenue was largely as expected (slightly better due to RPC), since we knew volumes, but expenses were lower. The results were a nice beat, and as a result our estimates rise."

J.P. Morgan rated CBOE Holdings a Neutral with a price target of $26.50. CBOE Holdings closed Thursday at $21.78.