Goldman Sachs Downgrades CME Gr to Sell, Announces $195 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alexander Blostein downgraded CME Group (CME) from Neutral to Sell and set a price target of $195.
January 03, 2024 | 9:56 am
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CME Group was downgraded by Goldman Sachs from Neutral to Sell with a price target of $195.
The downgrade by a prominent analyst at Goldman Sachs suggests a bearish outlook on CME Group's stock, which could lead to a negative short term impact on its share price. The setting of a price target below the current market price typically indicates an expectation that the stock will decline to reach that target.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100