UBS reaffirms its 'buy' recommendation on Euronext, while raising its target price from €94 to €106, indicating that it expects a further expansion of multiples and consensus EPS upgrades.

Despite the 40% return generated by Euronext shares since October 23, we still believe there is 15-20% upside potential from current levels...", says the broker in the summary of his note on the stock exchange group.

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