CME Group Analysts Increase Their Forecasts After Upbeat Earnings
Portfolio Pulse from Lisa Levin
CME Group Inc reported better-than-expected Q3 earnings with an adjusted EPS of $2.25, surpassing the estimate of $2.22. However, the quarterly revenue of $1.338 billion slightly missed the consensus of $1.342 billion. Following the earnings announcement, Barclays, Rosenblatt, and Morgan Stanley adjusted their price targets on CME Group. The company's shares rose 0.9% to trade at $216.03 on Thursday.
October 26, 2023 | 6:03 pm
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CME Group's better-than-expected Q3 earnings led to a 0.9% rise in its shares. Analysts from Barclays, Rosenblatt, and Morgan Stanley adjusted their price targets following the earnings announcement.
CME Group's Q3 earnings beat estimates, which is a positive signal for investors and can lead to a rise in the stock price. The adjustments in price targets by major analysts also indicate their confidence in the company's performance, which can further influence the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100