CME Group Analysts Increase Their Forecasts After Upbeat Earnings

CME Group Inc CME reported better-than-expected earnings for the third quarter.

CME Group reported quarterly revenue of $1.338 billion, slightly missing the consensus of $1.342 billion. Adjusted EPS of $2.25 surpassed the estimate of $2.22.

CME Group shares rose 0.9% to trade at $216.03 on Thursday.

These analysts made changes to their price targets on CME Group following earnings announcement.

• Barclays cut the price target on CME Group from $247 to $244. Barclays analyst Jeremy Campbell maintained an Overweight rating.
• Rosenblatt raised the price target on CME Group from $173 to $180. Rosenblatt analyst Andrew Bond maintained a Sell rating on the stock.
• Morgan Stanley lifted the price target on CME Group from $215 to $220. Morgan Stanley analyst Mike Cyprys maintained an Equal-Weight rating.

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