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Morgan Stanley Maintains CME Group(CME.US) With Hold Rating, Raises Target Price to $236

Futu News ·  Oct 25 18:31  · Ratings

Morgan Stanley analyst Michael Cyprys maintains $CME Group (CME.US)$ with a hold rating, and adjusts the target price from $233 to $236.

According to TipRanks data, the analyst has a success rate of 57.3% and a total average return of 5.8% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $CME Group (CME.US)$'s main analysts recently are as follows:

  • The company reported an 'exceptional quarter,' with the stock's reaction remaining subdued as expectations were already elevated and there was no new information on the capital return strategy. However, additional insights provided on the earnings call were seen as clear positives. The risk/reward balance for the company continues to be favorable.

  • Following the Q3 report, there was an optimistic outlook from management regarding the expansion potential in retail, along with a particular emphasis on significant growth originating from markets outside the U.S.

  • The record-setting quarter for CME Group, with a Q3 adjusted EPS surpassing both the anticipated and consensus figures, is highlighted. The escalating uncertainty surrounding the U.S. election and the global geopolitical climate has spurred a heightened need for risk management, which serves as a beneficial factor for CME.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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