Financial Wire

TMX Group Price Target Raised to $63 at TD

-- TD Securities raised its price target on TMX Group Ltd. (X.TO) to $63 from $60 on Friday.

Analyst Graham Ryding maintained a Buy rating on shares of the Toronto-based financial services company that operates Canadian exchanges.

"Our Q1/26 estimates have increased to reflect strong trading volumes (record derivatives)," Riding said in a note to clients.

"We have reduced our near-term capital formation outlook given the market volatility," the analyst said.

"Equity tokenization remains topical. Valuation continues to appear attractive in our view, and the earnings outlook is constructive."

TMX reports Q1 results after market close on May 4.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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