CME Group’s Target Raised at Jefferies; Long-Term Still Looks Good (CME)
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
We have been recommending shares of CME Group ( CME ) since Feb.3, 2012, when the stock was trading at $266.01. The company has a 3.09% dividend yield, based on last night's closing stock price of $288.40.
CME Group Inc ( CME ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.