Futures exchange operator CME Group Inc. (
) on Monday saw its rating, price target, and earnings estimates
all boosted by analysts at Stifel Nicolaus.
The firm added CME to its "Select List" with a "Buy" rating and
a new $360 price target. That target suggests an 18% upside to the
stock's Friday closing price of $304.80.
Stifel Nicolaus also raised its earnings estimates for the
company, citing better volume trends.
CME Group rose $1.15, or +0.4%, in premarket trading Monday.
The Bottom Line
Shares of CME Group (
) have a 1.84% dividend yield, based on Friday's closing stock
price of $304.80. The stock has technical support in the $293-$300
price area. If the shares can firm up, we see overhead resistance
around the $320 price level.
CME Group Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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