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CME Group downgraded to Neutral from Buy at UBS

UBS downgraded CME Group (CME) to Neutral from Buy with an unchanged price target of $305. The firm cites valuation for the downgrade with the shares up 19% year-to-date. Geopolitical uncertainty drove volumes and CME shares higher over the past year, but trading activity has started to slow recently, the analyst tells investors in a research note. UBS does not see increased retail trading leading to significant near-term upside for the company. It reduced estimates for CME below consensus for fiscal 2025.

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