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Highlights
• National Bankshares raised TMX Group’s price target to CAD 59 with “sector perform.”
• Stock shows potential 5.68% upside from current market price per latest target.

TMX Group Ltd. (TSE: X) has received an updated stock rating and revised price target from several Canadian equity analysts. National Bankshares recently increased its target price from CAD 58.00 to CAD 59.00 and reiterated a “sector perform” rating, suggesting a potential upside of approximately 5.68% from the current share price. The report was released on Monday and aligns with a broader series of analyst updates on the company.

Other brokerages have also issued recent revisions. BMO Capital Markets raised its target to CAD 61.00 and assigned an “outperform” rating in a July 16th note. Scotiabank increased its price target to CAD 65.00 with a “sector perform” view, while Raymond James Financial lifted its price objective to CAD 62.50 with an “outperform” rating. Barclays, in an earlier report on July 10th, raised its target to CAD 58.00, and CIBC previously moved its target to CAD 57.00 with a “neutral” stance in late April.

TMX Group Ltd. operates as the parent entity of Canada’s principal equity and derivatives markets, including the Toronto Stock Exchange (TSX), TSX Venture Exchange, and Montreal Exchange. The company also manages Canadian Depository for Securities and Canadian Derivatives Clearing Corporation, alongside Trayport, which provides energy trading software solutions. Its operations encompass listing services, trading and clearing facilities, market data offerings, and post-trade services for domestic and global clients.