Raymond James Financial Lowers TMX Group (TSE:X) Price Target to C$64.50

Raymond James Financial has reduced its price target for TMX Group (TSE:X) to C$64.50 from C$65.25, while maintaining a "strong-buy" rating, indicating a potential 25.34% upside. Despite this adjustment, the analyst sentiment for TMX Group remains positive, with a consensus "Moderate Buy" rating and an average price target of C$65.28 among other firms. The company recently reported quarterly EPS of C$0.62 and revenue of C$487.5 million, with its stock trading down 0.5% after an insider sold a significant number of shares.