The Globe and Mail reports in its Thursday, Nov. 2, edition that CIBC World Markets analyst Nik Priebe is keeping his "neutral" call on TMX Group intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Priebe cut his share target by $2 to $32, matching the average. Mr. Priebe says in a note: "TMX reported what we interpret as a fairly clean, in-line quarter from an earnings standpoint. Much of the discussion and focus today has been around the build out of a U.S. trading venue and sizing the scale of the upfront capital required and potential earnings upside. We feel inclined to reserve judgement until we obtain better clarity on the business case for this growth initiative and the scale of the upfront capex. In any event, we didn't feel that the Q3 results or accompanying discussion on the build out of an alternative trading system in the U.S. was a 'thesis-changing' development." The Globe reported on May 4 that National Bank analyst Jaeme Gloyn rated TMX Group "sector perform." The shares could then be had for $138.82. The Globe reported on July 26 that RBC analyst Geoffrey Kwan had lowered his rating for TMX to "sector perform" from "outperform" when it could be had for $29.39.