Stifel Nicolaus Adds CME Group to its “Select List” (CME)
Futures exchange operator CME Group Inc. ( CME ) on Monday saw its rating, price target, and earnings estimates all boosted by analysts at Stifel Nicolaus.
The firm added CME to its "Select List" with a "Buy" rating and a new $360 price target. That target suggests an 18% upside to the stock's Friday closing price of $304.80.
Stifel Nicolaus also raised its earnings estimates for the company, citing better volume trends.
CME Group rose $1.15, or +0.4%, in premarket trading Monday.
The Bottom Line
Shares of CME Group ( CME ) have a 1.84% dividend yield, based on Friday's closing stock price of $304.80. The stock has technical support in the $293-$300 price area. If the shares can firm up, we see overhead resistance around the $320 price level.
CME Group Inc. ( CME ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.