London Stock Exchange Group PLC (LSE:LSEG) shares rose after UBS upgraded its rating after a derating in the past two and a half months alongside operational improvement for the company.
The Swiss bank moved to 'buy' from 'neutral', with an 8500p target.
UBS said: "Our view on LSEG's management has improved in recent quarters as revenues (ex-one time items), costs and leverage have generally progressed better than we expected.
"And with LSEG's shares down more than 20% since early April, we think current valuations offer an attractive entry point."
The improved sentiment came as revenue growth neared the upper end of management's 5-7% target in each of the past three quarters, with the BETA+ sale announced earlier this year and the accompanying share buyback plans also appreciated.
"Investor confidence is important", the analysts said, as they think it will limit the downside risk to the shares when the first of three annual lockups expires next January from the Refinitiv acquisition, with some £15bn of LSEG shares owned by Blackstone and Thomson Reuters (NYSE:TRI).
LSE shares jumped 4.45% to 7038p in early trading on Wednesday.