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CME Group rises after Raymond James upgrades to 'outperform'

ReutersMar 10, 2025 2:58 PM

Shares of exchange operator CME Group CME.O up 2.3% at $260.32

Raymond James upgrades CME to "outperform" from "market perform"; assigns $287 PT, a 12.7% upside to stock's last close

Brokerage says CME's risk management offerings position the firm well in a volatile macroeconomic and geopolitical backdrop, as reflected in strong QTD trading volumes

Sees upside opportunity for CME's valuation given fading concerns about competitive landscape and the impact of rate cuts on trading volumes

Raymond James says CME's energy futures business continues to serve as a tailwind as well, reversing several years of decline

Seven of 18 brokerages rate the stock "buy" or higher, eight "hold" and three "sell"; median PT is $263 - LSEG-compiled data

CME stock up 12% YTD

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