CME Group downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Benjamin Budish downgraded CME Group to Equal Weight from Overweight with a price target of $222, down from $244. The analyst says a “soft landing” and falling rates are somewhat mixed for the brokers and asset management sector. This bodes well for the alternative asset managers despite the recent run in shares, the analyst tells investors in a research note. The firm also realigned its exchange ratings heading into 2024.