Analyst Michael Cyprys of Morgan Stanley maintained a Buy rating on CME Group (CME – Research Report), retaining the price target of $304.00.
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Michael Cyprys has given his Buy rating due to a combination of factors that highlight CME Group’s strong position in the market. The company has demonstrated robust volume growth, with April volumes increasing by 36% year-over-year and May showing a 17% rise. This growth is supported by favorable market conditions, including uncertainty around interest rates and increased government debt issuances, which are expected to continue driving volume growth.
Additionally, CME Group is leveraging other growth engines such as retail brokerage platforms that attract both active traders and self-directed retail investors, as well as expanding its international footprint. These factors position CME Group well to capitalize on both cyclical and structural growth opportunities, making it a top pick during periods of market uncertainty.
In another report released on May 12, UBS also reiterated a Buy rating on the stock with a $305.00 price target.
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