Raymond James analyst Stephen Boland upgraded TMX Group (TMXXF) to Strong Buy from Outperform with a price target of C$61, up from C$59, following what the firm calls “another positive quarter.” There has been a general selloff with technology-related companies, including capital markets data providers and exchanges, but the firm believes this is an “overreaction” that presents “an opportune time to purchase” TMX at this valuation.
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