Banking, finance, and taxes
Goldman Sachs Changes Exchange Call on Conviction Buy List (ICE, CME)
Published:
In a coverage swap this morning, Goldman Sachs has made a change to its closely followed CONVICTION BUY LIST. Goldman is adding InterContinental Exchange, Inc. (NYSE:ICE) and removing the Chicago Mercantile Exchange (NYSE:CME).
The ICE target has been set at $210 over the next 12-months. Goldman is also maintaining its official buy rating on CME. This change appears based upon valuation and relative performance since teh CME is noted as being up 26% since being added on June 14, 2007, while the S&P 500 is down about 2%.
CME shares are down almost 1% so far in pre-market trading. ICE shares are also down about 0.4% in pre-market trading.
Jon C. Ogg
December 13, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
