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Stifel Nicolaus Adds CME Group to its “Select List” (CME)
3/7/2011 8:49:00 AM
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
CME Group Inc. ( CME ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.