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CME Group’s Target Raised at Jefferies; Long-Term Still Looks Good (CME)
4/4/2012 9:19:00 AM
Futures exchange operator CME Group Inc ( CME ) on Wednesday caught some further positive commentary from analysts at Jefferies & Co.
The firm maintained its "Buy" rating on CME and lifted its price target to $325, suggesting a nearly 13% upside to the stock's Tuesday closing price of $288.40. Jefferies noted that long-term trends for the company remain favorable.
CME Group shares, which have rise 18% year-to-date, fell $2.39, or -0.8%, in premarket trading Wednesday.
The Bottom Line
CME Group Inc ( CME ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.