The Globe and Mail reports in its Friday edition that Canaccord's Aravinda Galappatthige started coverage on TMX Group with a "buy" call and a $44 share target. The Globe's David Leeder writes that analysts on average target the shares at $38. Mr. Galappatthige says in a note: "TMX operates multi-asset class exchanges and clearinghouses as well as data and analytics platforms within the broader capital markets space. By developing on a series of acquisitions completed over the past seven years, the company is methodically positioning itself as a growth entity with a global footprint. Central to the investment thesis is TMX's GSIA (global solutions, insights and analytics) segment which came into further focus with the VettaFi acquisition, announced late last year. The resultant inflection point in the stock price suggests that investor attention is turning toward upside to valuations as the analytics and insights segment advances." The Globe reported on April 12, 2023, and Jan. 12, 2024, that BMO analyst Etienne Ricard had reaffirmed his "market perform" call for TMX when it was worth $27.69 and $31.81. The Globe reported on March 26, 2024, that Mr. Ricard upgraded TMX to "outperform." It was then worth $35.22.