Shares of NYX Tumble on Numerous Analyst Downgrades

Shares of NYSE Euronext (NYSE: NYX) are sinking today following investment rating downgrades at several research firms. The stock most recently traded at $19.14, down 13% from Friday's closing price.

• Goldman Sachs slapped a Sell rating on NYSE Euronext, saying "the rise of the dollar against the euro and the British pound will reduce the value of sales from the company’s European markets". The Goldman analyst said NYSE Euronext could reach $19 within the next 6 months.
  
• Keefe Bruyette Woods downgraded the stock to Market Perform with a $25 price target. Click here for more color on the downgrade.
  
• Raymond James moved NYX from Outperform to Market Perform

Further, the firms also cited a slowdown in earnings following the exchanges announcement back in October that it would increase rebates to market makers.