57
Markets1h 55m ago

TMX Group Ltd. recently acquired RAFI Indices for $683 million, and an analyst is pricing in 40% upside for the stock.

Canada, United States

Who
TMX Group Ltd., Scotia Capital Markets analyst Phil Hardie, UBS Global Research analyst Michael Lasser, TD Cowen analyst Kevin Kopelman, Loblaw Cos. Ltd., Alimentation Couche-Tard Inc., Dollarama Inc., Carnival Corp. Ltd., Royal Caribbean Cruise Ltd., Norwegian Cruise Line Holdings Ltd.
What
TMX Group Ltd. recently acquired RAFI Indices for $683 million, and an analyst is pricing in 40% upside for the stock.
When
Fri, 12 Jun 2026 21:31:17 GMT · 1h 55m ago
Where
Canada, United States ·
Why
TMX Group's acquisition of RAFI Indices supports its goal of expanding recurring revenue and boosting international revenue, while reports of a possible interim Iran peace deal could lower Brent crude oil prices.
The Frontline Impact

How this affects you

The acquisition by TMX Group aims to enhance its global presence and recurring revenue, potentially boosting its stock value. Concurrently, a potential Iran peace deal could reduce fuel costs for cruise lines, leading to increased earnings per share for companies like Carnival, Royal Caribbean, and Norwegian Cruise Line.

Story chain

4 events in this thread
  1. Currently Reading1h 55m ago
    TMX Group Ltd. recently acquired RAFI Indices for $683 million, and an analyst is pricing in 40% upside for the stock.
  2. Markets1h 55m 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. Markets1h 55m 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.
    Open article
  4. Markets1h 55m ago
    TMX Group Ltd. acquired RAFI Indices for $683 million, approximately five percent of TMX's market cap.
    Open article

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