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Fly News Breaks for December 6, 2019
CME
Dec 6, 2019 | 07:51 EDT
JPMorgan analyst Kenneth Worthington lowered his price target for CME Group to $173 from $183 and maintains an Underweight rating on the shares. The analyst sees the potential for the stock to continue underperforming in 2020. The core risk is a weaker trading volume outlook, says Worthington, who cites the ongoing decline in futures open interest coupled with a "meaningful deceleration" in options open interest.
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