Barclays: TMX Group price target raised to C$55 from C$53 at Barclays

Barclays analyst Benjamin Budish raised the firm's price target on TMX Group ( TMXXF ) to C$55 from C$53 and keeps an Equal Weight rating on the shares as part of a Q1 preview for the brokers, asset managers and exchanges. With volatility "in full swing," mergers and initial public offering pipelines are likely to see further delays, the analyst tells investors in a research note. The firm says that while trading activity was generally robust despite a slowdown in crypto, brokers "now face a more intense headwind from a lower in-period Fed funds and futures curve." Don't Miss Our End of Quarter Offers: Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Published first on TheFly - the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >>