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CME

CME Group

$180.00

1.4 (0.78%)

07:04
01/11/19
01/11
07:04
01/11/19
07:04

CME Group downgraded to Neutral citing valuation at BofA/Merrill

BofA/Merrill analyst Michael Carrier downgraded CME Group to Neutral from Buy and lowered his price target to $191 from $200 citing full valuation and difficult 2019 comps.

  • 14

    Feb

  • 08

    May

CME CME Group
$180.00

1.4 (0.78%)

11/28/18
UBSW
11/28/18
DOWNGRADE
Target $204
UBSW
Neutral
CME Group downgraded to Neutral from Buy at UBS
UBS analyst Alex Kramm downgraded CME Group to Neutral while raising his price target for the shares to $204 from $185. He believes the current valuation already reflects a higher volatility environment. With the shares up over 30% year-to-date and at the high end of its historical range with the S&P 500, the analyst says he "cannot ignore tough comps in 2019 and the potential for the NEX integration to create some noise in the near term." As such, he prefers waiting for better entry point into CME shares.
11/28/18
ATLE
11/28/18
INITIATION
Target $200
ATLE
Neutral
CME Group initiated with a Neutral at Atlantic Equities
Atlantic Equities analyst Nadja Heini initiated CME Group with a Neutral and $200 price target.
11/28/18
11/28/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Eaton Vance (EV) downgraded to Underweight from Neutral at JPMorgan with analyst Kenneth Worthington saying the company's slowing organic growth will cut into its premium market valuation. 2. CME Group (CME) downgraded to Neutral from Buy at UBS with analyst Alex Kramm saying he believes the current valuation already reflects a higher volatility environment. 3. Ceragon Networks (CRNT) downgraded to Hold from Buy at Needham with analyst Alex Henderson saying the company has delivered "solid results" and that its stock has benefited from strong execution and expectations of further improvement from 5G build-outs, but believes its valuation reflects the positive news. 4. Cracker Barrel (CBRL) downgraded to Underperform from Hold at Gordon Haskett analyst Jeff Farmer saying the share price run-up of 22% over the last 8 weeks is outpacing the company's fundamental prospects. 5. YY (YY) downgraded to Neutral from Overweight at JPMorgan with analyst Alex Yao citing a lack of catalysts for his downgrade of the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/04/18
LEHM
12/04/18
INITIATION
Target $210
LEHM
Overweight
CME Group reinstated with an Overweight at Barclays
Barclays analyst Jeremy Campbell reinstated coverage of CME Group with an Overweight rating and $210 price target. The analyst believes a premium price-to-earnings multiple is warranted and sustainable as CME is a "defensive financial with no credit exposure."

TODAY'S FREE FLY STORIES

SNGX

Soligenix

$1.04

(0.00%)

06:14
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MCHP

Microchip

$75.21

-2.46 (-3.17%)

, CY

Cypress Semiconductor

$12.77

-0.52 (-3.91%)

06:11
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Recommendations
Microchip, Cypress Semiconductor, ON Semiconductor analyst commentary  »

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MCHP

Microchip

$75.21

-2.46 (-3.17%)

CY

Cypress Semiconductor

$12.77

-0.52 (-3.91%)

ON

ON Semiconductor

$17.76

-0.66 (-3.58%)

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TEL

TE Connectivity

$79.46

-1.78 (-2.19%)

06:11
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01/23
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Earnings
TE Connectivity lowers FY19 adj. EPS view to $5.35-$5.55 from $5.60-$5.80 »

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SNE

Sony

$48.46

-1.705 (-3.40%)

06:09
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06:09
Periodicals
Sony to move European domicile from UK amid Brexit risk, FT reports »

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TEL

TE Connectivity

$79.46

-1.78 (-2.19%)

06:07
01/23/19
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06:07
Earnings
TE Connectivity sees Q2 adj. EPS $1.25-$1.29, consensus $1.38 »

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BLPH

Bellerophon

$0.88

-0.0695 (-7.32%)

06:07
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06:07
Syndicate
Bellerophon 10M share Spot Secondary priced at $.70 »

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  • 23

    Jan

SRLP

Sprague Resources

$19.31

-0.24 (-1.23%)

06:05
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01/23
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06:05
Hot Stocks
Sprague Resources lowers FY18 adjusted EBITDA view to below $110M-$120M »

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TEL

TE Connectivity

$79.46

-1.78 (-2.19%)

06:05
01/23/19
01/23
06:05
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06:05
Earnings
TE Connectivity reports Q1 adj. EPS $1.29, consensus $1.28 »

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TEVA

Teva

$18.75

-0.06 (-0.32%)

06:04
01/23/19
01/23
06:04
01/23/19
06:04
Upgrade
Teva rating change  »

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  • 13

    Feb

UNTY

Unity Bancorp

$19.85

0.065 (0.33%)

06:03
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01/23
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Earnings
Breaking Earnings news story on Unity Bancorp »

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CBPX

Continental Building

$25.55

-0.32 (-1.24%)

06:03
01/23/19
01/23
06:03
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06:03
Downgrade
Continental Building rating change  »

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ATHX

Athersys

$1.40

-0.03 (-2.10%)

06:02
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Hot Stocks
Athersys reports 'positive' results from study of MultiStem cell therapy »

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TOL

Toll Brothers

$34.45

-0.5 (-1.43%)

05:57
01/23/19
01/23
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01/23/19
05:57
Downgrade
Toll Brothers rating change  »

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KBR

KBR

$17.13

-0.48 (-2.73%)

05:56
01/23/19
01/23
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Hot Stocks
KBR secures contract for K-SAAT »

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INFY

Infosys

$10.54

-0.14 (-1.31%)

05:54
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Hot Stocks
Infosys enters partnership with HPE GreenLake »

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  • 28

    Jan

WY

Weyerhaeuser

$24.55

-0.54 (-2.15%)

05:54
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Initiation
Weyerhaeuser initiated  »

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  • 01

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SNE

Sony

$48.46

-1.705 (-3.40%)

05:54
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Sony announces formation of Sony Home Entertainment & Sound Products »

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DHI

D.R. Horton

$36.43

-0.74 (-1.99%)

, LEN

Lennar

$43.48

-0.63 (-1.43%)

05:54
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05:54
Upgrade
D.R. Horton, Lennar rating change  »

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DHI

D.R. Horton

$36.43

-0.74 (-1.99%)

LEN

Lennar

$43.48

-0.63 (-1.43%)

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  • 23

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ZNGA

Zynga

$4.33

0.065 (1.53%)

05:53
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Periodicals
Zynga founder raising up to $700M for new investment fund, Axios reports »

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  • 06

    Feb

YELP

Yelp

$35.37

-0.895 (-2.47%)

05:51
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SCOTUS won't hear lawsuit over defamatory Yelp reviews, The Verge reports »

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  • 24

    Jan

HII

Huntington Ingalls

$196.46

-3.82 (-1.91%)

05:50
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05:50
Downgrade
Huntington Ingalls rating change  »

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  • 14

    Feb

KCDMY

Kimberly-Clark de Mexico

$0.00

(0.00%)

05:49
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05:49
Downgrade
Kimberly-Clark de Mexico rating change  »

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DDAIF

Daimler AG

$0.00

(0.00%)

05:47
01/23/19
01/23
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05:47
Upgrade
Daimler AG rating change  »

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CEO

CNOOC

$161.22

-5.52 (-3.31%)

05:44
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Hot Stocks
CNOOC announces 2019 business strategy, development plan »

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BHVN

Biohaven Pharmaceutical

$35.83

-1.04 (-2.82%)

, AZN

AstraZeneca

$36.27

-0.28 (-0.77%)

05:43
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Biohaven allowed to proceed with BHV-3241 Phase 3 clinical trial »

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BHVN

Biohaven Pharmaceutical

$35.83

-1.04 (-2.82%)

AZN

AstraZeneca

$36.27

-0.28 (-0.77%)

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  • 19

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