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Markets3h 30m ago

TMX Group Ltd. acquired RAFI Indices for $683 million, approximately five percent of TMX's market cap, with an analyst maintaining a $71 price target and 40% upside for the stock.

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Canada (for TMX Group Ltd., Dollarama Inc., Loblaw Cos. Ltd., Alimentation Couche-Tard Inc. analysis); Middle East (Strait of Hormuz reference for cruise lines)

Who
Phil Hardie (Scotia Capital Markets analyst), Michael Lasser (UBS Global Research analyst), Kevin Kopelman (TD Cowen analyst)
What
TMX Group Ltd. acquired RAFI Indices for $683 million, approximately five percent of TMX's market cap, with an analyst maintaining a $71 price target and 40% upside for the stock.
When
Fri, 12 Jun 2026 21:31:17 GMT · 3h 30m ago
Where
Canada (for TMX Group Ltd., Dollarama Inc., Loblaw Cos. Ltd., Alimentation Couche-Tard Inc. analysis); Middle East (Strait of Hormuz reference for cruise lines) ·
Why
TMX Group Ltd.'s acquisition of RAFI Indices supports its goal of expanding recurring revenue and boosting international revenue, according to analyst Phil Hardie.
The Frontline Impact

How this affects you

The acquisition by TMX Group Ltd. is seen as reinforcing earnings momentum and accretive M&A as a key catalyst, attracting investor attention to the company's growth strategy. Additionally, a potential Iran peace deal could significantly reduce fuel costs for cruise lines, leading to increased earnings and positive revisions in stock performance for companies like Carnival Corp. Ltd., Royal Caribbean Cruise Ltd., and Norwegian Cruise Line Holdings Ltd.

Story chain

4 events in this thread
  1. Markets3h 30m ago
    TMX Group Ltd. recently acquired RAFI Indices for $683 million, and an analyst is pricing in 40% upside for the stock.
    Open article
  2. Markets3h 30m ago
    TMX Group Ltd. acquired RAFI Indices for $683 million, a move that Scotia Capital Markets analyst Phil Hardie believes supports TMX's goal of expanding recurring revenue and boosting international revenue.
    Open article
  3. Currently Reading3h 30m ago
    TMX Group Ltd. acquired RAFI Indices for $683 million, approximately five percent of TMX's market cap, with an analyst maintaining a $71 price target and 40% upside for the stock.
  4. Markets3h 30m ago
    TMX Group Ltd. acquired RAFI Indices for $683 million, approximately five percent of TMX's market cap.
    Open article

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