JMP Securities Starts CME Group as an “Outperform” (CME)
Futures exchange operator CME Group Inc. ( CME ) saw its coverage initiated with an "Outperform" rating on Monday by analysts at JMP Securities.
The firm also set a $335 price target on CME stock, which had closed at $315.41 on Friday. JMP noted that trading volumes should increase from their lows seen in the first quarter.
CME Group shares rose $1.95, or +0.6%, in premarket trading Monday.
The Bottom Line
We recently removed shares of CME from our recommended list on May 6, when the stock was trading at $324.67. The stock has technical support in the $300-$310 price area. If the shares can firm up, we see overhead resistance around the $330 price level. We would remain on the sidelines for now.
CME Group Inc. ( CME ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.