The Globe and Mail reports in its Friday, Jan. 12, edition that BMO Capital analyst Etienne Ricard has reaffirmed his "market perform" recommendation for TMX Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ricard gave his share target a $3 boost to $35. Analysts on average target the shares at $33.50. Mr. Ricard says in a note: "Looking into 2024, earnings growth appears set to accelerate underpinned by contributions from VettaFi, strength in derivative volumes and more constructive capital formation. The net result is low double-digit earnings growth prospects with upside optionality from improving macro. Consistent execution is yielding results with TMX's valuation closing the gap to global exchange peers." The Globe reported on April 12 that Mr. Ricard had reaffirmed his "market perform" recommendation for TMX Group. The shares were then going for $27.69. 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. The Globe reported on Oct. 20 that TD Securities analyst Graham Ryding had reaffirmed his "hold" recommendation for TMX Group when it could be had for $29.53.