Invesco Expands QQQ Innovation Suite to Include Small-Cap ETF

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NASDAQ (NDAQ) Downgraded as BofA Becomes Increasingly Cautious On Exchanges

October 14, 2022 9:59 AM EDT

BofA Securities double downgraded NASDAQ (NASDAQ: NDAQ) to Underperform from Buy on Thursday, lowering the price target on the stock to $58 from $65 per share.

Analyst Craig Siegenthaler said the firm has become increasingly cautious on exchanges due to their all-time high valuations and growth engines slowing while being more bullish on Alts.

"The NDAQ stock and the exchange... More