TMX Group price target raised to C$55 from C$53 at Barclays

Barclays analyst Benjamin Budish raised the firm’s price target on TMX Group (TMXXF) to C$55 from C$53 and keeps an Equal Weight rating on the shares as part of a Q1 preview for the brokers, asset managers and exchanges. With volatility “in full swing,” mergers and initial public offering pipelines are likely to see further delays, the analyst tells investors in a research note. The firm says that while trading activity was generally robust despite a slowdown in crypto, brokers “now face a more intense headwind from a lower in-period Fed funds and futures curve.”