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CME Group’s Target, Estimates Boosted at Goldman Sachs (CME)
12/27/2010 8:33:00 AM
Futures exchange operator CME Group Inc. ( CME ) on Monday saw its price target and earnings estimates raised on Monday by analysts at Goldman Sachs.
The firm said it now expects CME shares to reach $340. That new target implies a 5% upside to the stock's Thursday closing price of $324.26.
Goldman maintained its "Neutral" rating on CME, but boosted its earnings estimates for the company through 2012. The analyst noted that volume trends are improving, and expects the company to see higher margins in coming years, but is cautious about currency rate fluctuations.
CME Group shares were mostly flat in premarket trading Monday.
The Bottom Line
CME Group Inc. ( CME ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.