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Macquarie Downgrades CBOE (CBOE) - Shares Fall; Upgrades CME (CME) - Shares Rise

December 22, 2011 11:16 AM EST
Get Alerts CBOE Hot Sheet
Price: $181.79 +1.34%

Rating Summary:
    13 Buy, 15 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 12 | New: 9
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This morning Macquarie downgrades CBOE Holdings (Nasdaq: CBOE) from Outperform to Neutral and cut is price target by $2 to $32. Currently, shares are down $0.82 (-3.12%) to $25.43, which is still smack in the middle of its 52-wk range $21.55 - 29.77.

Also this morning, Macquarie upgraded CME Group (NYSE: CME) from Neutral to Outperform and maintained its $344 price target (which is still 40% above current value). Shares are up $4.51 (+1.87%) to $245.85. The 52-wk range is $235.23 - 327.98.

In a 52-wk chart, shares of CBOE have easily outperformed, adding almost 20%. Meanwhile, over the past year, CME has fallen about 25%.


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