Specifically, KBW lowered its forecast from $360 to $350, while Susquehanna chopped its price target from $370 to $345. Shares of CME finished Thursday at $269.29, so both brokerage firms are still anticipating some healthy gains from the stock during the next year. In fact, both targets exceed the equity's average 12-month price target of $342.35, as reported by Thomson Reuters, which implies expected upside of more than 27% from yesterday's close.

Continue reading CME Group Slapped with Post-Earnings Price Target Cuts

CME Group Slapped with Post-Earnings Price Target Cuts originally appeared on BloggingStocks on Fri, 05 Feb 2010 15:00:00 EST. Please see our terms for use of feeds.

Continue reading Research in Motion Limited and Motorola receive upgrades

Research in Motion Limited and Motorola receive upgrades originally appeared on BloggingStocks on Tue, 01 Sep 2009 10:10:00 EST. Please see our terms for use of feeds.

Continue reading Amazon gets big upgrade

Amazon gets big upgrade originally appeared on BloggingStocks on Wed, 08 Jul 2009 16:50:00 EST. Please see our terms for use of feeds.

Jim Cramer came on CNBC's Mad Money tonight and continued his "individual price targets for individual DJIA components." He is using these to justify his 'next 1,000 point' move that is coming on DJIA, but tonight's list was much less robust. In fact, he even panned a few DJIA components.

On Tuesday evening, Cramer was mostly positive on his second list of DJIA components, but he was very positive on Monday night's list where it almost seemed like Cramer was going to just issue bullish targets on every DJIA component.

If you read the post from yesterday, you'll notice that I thought Cramer was perhaps throwing darts at the dartboard to come up with a target for every DJIA component. The short interest from the DJIA components has gotten so high for May that some of Cramer's wild price targets could maybe be hit by the short covering alone if the shorts decide they can't take it anymore. Fortunately, Cramer isn't acting like a dart thrower on all of them.

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Maybe Cramer isn't throwing darts afterall originally appeared on BloggingStocks on Wed, 23 May 2007 20:01:00 EST. Please see our terms for use of feeds.

Is Cramer throwing darts at the DJIA target prices? originally appeared on BloggingStocks on Tue, 22 May 2007 20:39:00 EST. Please see our terms for use of feeds.

We witnessed a couple of weeks of extreme volatility in the stock markets worldwide. No question, it was gut-check time on many levels. Are we imploding on subprime mortgages? Is China going to institute a 20% capital gains tax on stock profits? Is the interest rate environment going to change? For the better or the worst? What is Alan Greenspan saying out there now that he is not muzzled? All of these factors and emotional chasms were thrown at the investing world this past week.

I had the pleasure of being in London this past week, visiting 11 different professional portfolio managers that I have worked with the past 16 years. Combined, these managers run over $80 billion in U.S. stock funds. The one consistent principal that I heard used the most often was "price target." Meaning, separate the noise and the confusion about the markets, and getting back to the individual stock (company).

Why did you buy that particular company's stock? What was the growth target for revenues and earnings? Are the gross and profit margins intact, contracting, or expanding? What is the market share of this particular company? How big is the addressable market place for this company, domestic and worldwide? And finally, what is the price target on the stock.

The beauty of having a firmly established price target, both upside and down, is it should force a conversation and reevaluation of the underlying fundamentals as that stock approaches the price. It does not mean automatically sell the shares; what it means is its time reevaluate. So Asia is in turmoil, what does this do to my holdings in Medtronic Inc. (NYSE:MDT)? Or my holdings in Hewlett-Packard Co. (NYSE:HPQ)? Bring the surrounding environmental happenings right back to the individual company under scrutiny.

Continue reading Remember: What is your price target?

Remember: What is your price target? originally appeared on BloggingStocks on Sun, 11 Mar 2007 09:10:00 EST. Please see our terms for use of feeds.