Nasdaq inches up after Raymond James upgrades to 'outperform'
** Shares of exchange operator NasdaqNDAQ.O rise 0.9% to $72.25 premarket
** Raymond James upgrades NDAQ to "outperform" from "market perform" and assigns PT of $82, a 14.5% upside to stock's last close
** Brokerage says NDAQ has an increasingly attractive financial technology software franchise that is paired with a remarkable growth story in Nasdaq'sindex business
** Nasdaqlast year bought software firm Adenza for $10.5 billion from private equity firm Thoma Bravo, bolstering its financial technology footprint
** NDAQ's fast-growing and more diversified business model can sustain a higher valuation multiple - Raymond James
** Twelve of 20 brokerages rate the stock "buy" or higher and eight "hold"; median PT is $83 - LSEG data
** As of last close, NDAQ shares up 23.2% YTD
Reporting by Arasu Kannagi Basil in Bengaluru
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