Story updated at 9:55 a.m. to reflect market activity.
Shares of CBOE fell -0.1% to $53.34 in morning trading.
The analyst firm also raised its EPS estimates for the company through 2015. Credit Suisse analysts expect CBOE to report earnings of $2.16 a share for full year 2014, up from its previous estimate of $2.07 a share for the year. The firm raised its 2015 EPS estimates to $2.35 a share, up from its previous $2.30 a share.
While the firm raised its price target and EPS estimates, analysts Christian Bolu and Ashley N. Serrao wrote that "our estimates remain below consensus as we await more concrete signs that current volume growth trends can be sustained (open interest growth, traction of newer products)."
Must Read: 50 Stocks Hedge Funds Love
Separately, TheStreet Ratings team rates CBOE HOLDINGS INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate CBOE HOLDINGS INC (CBOE) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."