CME Group (NASDAQ:CME) Driven by Strong Volume

While CME Group (NASDAQ:CME) has been driven by stong volume, specifically in commodities and rates, Deutsche Bank (NYSE:DB) still downgraded them, saying they don't see much upside for them at this time.

Deutsche said, "CME has risen over 20% since the beginning of 4Q, outperforming the sector and the broader market. The recent strength was driven by healthy volumes, particularly around rates and commodities, and while we still view the long term outlook for CME as favorable, we don't see enough upside to maintain the Buy."

Consequently, Deutsche Bank downgraded CME Group from "Buy" to "Hold." CME closed Friday at $307.66, losing $5.98, or 1.91 percent. Deutsche has a price target of $320 on them.