Oppenheimer raised the firm’s price target on Cboe Global Markets to $227 from $209 and keeps an Outperform rating on the shares. The firm notes Cboe is sharpening its strategic focus on enabling global investors to invest in the U.S. market. Its priority to stabilize margins, allocate more capital for buybacks, and reduce M&A is well received by the investment community, Oppenheimer adds.

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