02:38 PM EDT, 10/31/2024 (MT Newswires) -- National Bank has raised its target on TMX Group ( TMXXF ) to $48, from $44, but kept its Sector Perform rating, after the company reported its third quarter results.

Core EPS of $0.41, was an 18% increase and ahead of the Street's $0.39, notes analyst Jaeme Gloyn.

"The tone on the conference call was bullish as management continued to show confidence in the growth outlook. We believe this outlook is sufficient to uphold TMX's premium valuation."

Price: 43.94, Change: +0.04, Percent Change: +0.09