TD Cowen Trims Price Target on CME Group (CME). Here is Why

With an annual dividend yield of 2.31%, CME Group Inc. (NASDAQ:CME) is included among the 12 Best NASDAQ Stocks to Buy for Dividends.

CME Group Inc. (NASDAQ:CME) is the world's leading and most diverse derivatives marketplace offering the widest range of futures and options products for risk management.

On June 22, TD Cowen lowered its price target on CME Group Inc. (NASDAQ:CME) from $332 to $273, but maintained a 'Buy' rating on the shares. Despite the cut, the revised price objective reflects an upside of over 21% from the current levels.

TD Cowen reduced its price targets across most of its exchange coverage. According to the analyst firm, the growing popularity of perpetual futures is likely to sustain concerns about "terminal value" and limit stock multiples, even as trading volumes continue to trend positively.

On the other hand, Keefe Bruyette upgraded CME Group Inc. (NASDAQ:CME) from 'Market Perform' to 'Outperform' on June 18, while keeping its price target on the stock unchanged at $305.

CME is down by over 20% over the last month, and KBW believes that the selloff has created an "extremely attractive" risk/reward opportunity. The analyst firm attributed the decline

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/td-cowen-trims-price-target-040813369.html)