JP Morgan Raises Price Target For CME Group, Inc. (CME)

Analysts Kenneth B. Worthington and Funda Akarsu at JP Morgan have raised the price target for CME Group, Inc. CME from $360 to $375. Analysts believe that much better than previously modeled trading volumes at CME may continue into the weaker seasonal third and fourth quarters. Also, analysts say that unlike previous credit driven market corrections during which volume increases were accompanied by decline in open interest, the higher volumes driven by recent events in Europe have been accompanied by increases in open interest. Analysts at JP Morgan have maintained their Overweight rating for CME Group, Inc.