Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Markets & Finance

Jefferies Ups Chicago Merc Exchange to 'Buy'


Jefferies upgraded Chicago Mercantile Exchange (CME) to buy from hold.

Analyst Charlotte Chamberlain says the upgrade is based on valuation. She says Chicago Mercantile Exchange plunged 15% since the market close on Aug. 18, the evening before the company announced the yearend departure of CEO James McNulty.

Chamberlain says the replacement CEO Craig Donohue is a seasoned, dynamic executive who is fully capable of enhancing shareholder value. She maintains her $3.63 2003 earnings per share (GAAP) estimate, and the $3.53 2004 earnings per share estimate. Chamberlain also reiterates her $75 target.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus