RBC Capital Reiterates Sector Perform on TMX Group, Raises Price Target to C$34
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Geoffrey Kwan has reiterated a 'Sector Perform' rating on TMX Group (TSX:X) and increased the price target from C$33 to C$34.
December 18, 2023 | 1:44 pm
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RBC Capital has maintained a 'Sector Perform' rating on TMX Group and raised the price target, indicating a stable outlook with a slight positive bias.
The reiteration of the 'Sector Perform' rating suggests that RBC Capital views TMX Group as adequately valued with respect to its sector. The increase in the price target, albeit modest, reflects a slightly more positive outlook on the company's future performance, which could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100