The Globe and Mail reports in its Thursday, July 17, edition that BMO Capital Markets analyst Etienne Ricard is keeping his "outperform" call on TMX Group intact. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Ricard's share target advanced $4 to $61. TMX Group posts its second quarter results on July 31. The Globe says Mr. Ricard is upbeat on TMX Group's organic growth potential. Mr. Ricard says in a note: "TMX Group appears on track to achieve plus 13-per-cent organic topline growth in Q2, a fourth consecutive quarter in the double-digits, underpinned by continued momentum in derivatives and improving cash equities. Looking at 2025, TMX is well-positioned to deliver its best earnings growth of the past four years. TMX remains our top pick with rising organic revenue growth supporting premium valuations." The Globe reported on Feb. 8, 2023, April 12, 2023, June 16, 2023, and May 8, 2025, that Scotia Capital analyst Phil Hardie had reaffirmed his "sector perform" recommendation for TMX Group. It was then worth $26.67, $27.69, $29.53 and $54.81. The Globe reported on May 30, 2025, that Raymond James analyst Stephen Boland rated TMX Group "outperform" in new coverage. It was then worth $55.72.