Citi analyst Christopher Allen raised the firm’s price target on CME Group to $240 from $215 and keeps a Buy rating on the shares after meeting with management. The analyst came away “incrementally positive” given CME’s positioning to benefit from near-term and long-term tailwinds across the platform, but specifically in rates, energy and metals.
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Read More on CME:
- CME Group price target raised to $240 from $224 at Deutsche Bank
- CME Group reports T-Bill futures have traded more than 6,000 contracts
- CME Group price target raised to $247 from $230 at Barclays
- CME Group achieves record volume in Aluminum futures contract in Q3
- CME Group reached ADV of 22.7M contracts in September
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