Raymond James initiated coverage of TMX Group (TMXXF) with an Outperform rating and C$59 price target TMX is the pre-eminent stock exchange with listing and trading capabilities in Canada, as well as a derivatives exchange with clearing capabilities, fixed income and energy trading platforms, the analyst tells investors in a research note. The firm adds it is positive on TMX’s execution of a strategy that has diversified the operations, maintained a high operating margin, and generated over $1 billion of free cash flow over the past two years.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TMXXF:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue