UPDATE: Jefferies Raises PT to $65 on CME Group on Long-Term Outlook
Jefferies reiterated its Buy rating on CME Group (NASDAQ: CME) and raised its price target from $60 to $65.
Jefferies noted, "Last week we spent several days with the management team of CME Group. The focus of the meetings centered around OTC clearing and execution initiatives and the globalization of CME's products, all of which represent potential offsets to the current lackluster environment for trading. On a longer-term basis we see several structural changes that should drive accelerating growth at CME."
CME Group closed at $57.29 on Friday.
Latest Ratings for CME
|Sep 2014||Deutsche Bank|
|Sep 2014||Deutsche Bank||Initiates Coverage on||Buy|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.