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CME Group Upgraded to “Buy” at Stifel Nicolaus (CME)
Futures exchange operator CME Group Inc. ( CME ) on Wednesday caught an upgrade from analysts at Stifel Nicolaus.
The firm said it boosted its rating on CME from "Hold" to "Buy" on a valuation call. Stifel Nicolaus currently has a $330 price target on CME, which implies a 15% upside to the stock's Tuesday closing price of $288.06.
CME Group shares rose $4.17, or +1.5%, in premarket trading Wednesday.
The Bottom Line
Shares of CME Group ( CME ) have a 1.60% dividend yield, based on last night's closing stock price of $288.06. The stock has technical support in the $280 price area. If the shares can firm up, we see overhead resistance around the $297-$300 price levels.
CME Group Inc. ( CME ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.