TMX Group Price Target Lowered to C$61 at TD

MT Newswires Live07-22

TD Securities lowered its price target on TMX Group (X.TO) to C$61 from C$64 on Wednesday.

Analyst Graham Ryding maintained a Buy rating on shares of the Canadian financial services company ahead of its quarterly results on July 30.

"Our constructive view remains intact," he said in a note. "However, we are reducing our multiple to reflect valuation compression for peers around the potential for more competition from DeFi platforms."

(MT Newswires 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.mtnewswires.com/contact-us)

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