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