BofA raises exchange operator CME PT citing macroeconomic and retail factors

** BofA Global Research raises PT on exchange operator CME Group CME.O to $219 from $200

** Brokerage cites macroeconomic and retail tailwinds

** "The budding trade war has propelled FX futures to record volumes and has sparked speculation in physical commodities where tariffs complicate the mechanics of delivery," says brokerage

** Expects the retail channel to increasingly become a focus area for management

** Seven of 18 brokerages rate stock "buy" or higher, 8 "hold", and 3 "sell"; median PT is $90 - LSEG data

** Including session moves, CME stock up 14.1% YTD compared to a 4.2% decline in the S&P 500 .SPX