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Stifel Nicolaus Adds CME Group to its “Select List” (CME)

Posted: 3/7/2011 8:49:00 AM
Referenced Stocks: 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 DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .