NYX Downgraded to Sell
The downgrade came from none other then the NYX (assumed) bestfriend, GS. This makes me questions things. GS is far too reputable, and has played a very close roll in NYX’s public debut, to just issue a sell prior to earnings with out some real justification. (GS knows NYX better them anyone.)
Will the EuroNext merger provide the juice/growth the entity needs to push upward? Right now GS is saying no.
Technically NYX looks weak, but I do not see it being that pricey just yet considering the prospect.
In my opinion, this downgrade does merit some caution. I would not sell, but I would let the dust settle before adding. (I would not be surprised to see 75 again.)
