The Globe and Mail reports in its Thursday, Sept. 18, edition that Scotia Capital analyst Phil Hardie has elevated his recommendation for TMX Group to "sector outperform" from "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Hardie hiked his share target to a Street-high $70 from $65. Analysts on average target the shares at $61.79. Mr. Hardie says in a note: "We think TMX poses several attractive investment characteristics that include (1) resilience through diverse revenue sources, (2) solid growth prospects, (3) strong cash flow, and (4) a high operating leverage. TMX's attributes likely position it to perform well across a range of market conditions. Equities have rallied strongly over much of the last six months and volatility has receded, however, markets seldom move in a straight line and uncertainties linger as economies continue to transition. We think TMX offers an attractive combination of resilience and growth and is emerging as a solid 'quality compounder.' ... We estimate that it now trades at a 10-per-cent discount. We believe this offers investors a solid entry point with an attractive risk/reward profile."