Pru Sets Ratings on Exchanges

Prudential initiated coverage of several exchanges Wednesday, issuing a wide range of calls on the publicly traded members of the sector.

The firm started CBOT Holdings (BOT Quote - Cramer on BOT - Stock Picks) with a neutral rating and a $125 price target, and it started International Securities Exchange (ISE Quote - Cramer on ISE - Stock Picks) with a neutral and a $45 target.

Chicago Mercantile Exchange (CME Quote - Cramer on CME - Stock Picks) was given an underweight rating and a $425 target, and the NYSE Group (NYX Quote - Cramer on NYX - Stock Picks), the owner of the New York Stock Exchange, received a neutral and a $60 target.

Prudential saved its best ratings for the Nasdaq Stock Exchange (NDAQ Quote - Cramer on NDAQ - Stock Picks) and IntercontinentalExchange (ICE Quote - Cramer on ICE - Stock Picks), both of which were started at overweight. Nasdaq was given a $40 target and IntercontinentalExchange a $75 target.