Gelonghui October 16th | Raymond James has upgraded the rating of the exchange operator Nasdaq from 'in line with the market' to 'outperform the market', with a target price set at $82. The bank pointed out that Nasdaq's financial technology software franchise is becoming increasingly attractive, matched by significant growth in Nasdaq index business. Nasdaq acquired software company Adenza from private equity firm Thoma Bravo for $10.5 billion last year, enhancing its strength in the financial technology field. In addition, Nasdaq's rapid growth and more diversified business model can maintain a higher valuation multiple. (Gelonghui)