What exactly did RBC change in the TMXXF analyst rating on Feb 9, 2026?

RBC Capital **maintained Outperform** for TMX Group Limited on **Feb 9, 2026** and cut the price target from **C$67** to **C$64**. The firm kept a positive outlook but trimmed near-term projections.

How should investors read a maintained Outperform in the TMXXF analyst rating?

A maintained Outperform signals that RBC expects TMX to outperform peers, though the lowered target narrows upside. Investors can view this as continued confidence in fundamentals with a more cautious near-term view.

Did the TMXXF analyst rating affect the stock price materially?

The RBC note coincided with a **0.41%** move, equal to **$0.14**, at release. The impact was modest, reflecting a reaffirmation rather than a directional surprise.

Where can I read the analyst note and earnings transcript referenced in the TMXXF analyst rating?

RBC’s pricing note is available via The Fly at [source](https://thefly.com/permalinks/entry.php/id4288513/5606286394/TMXXF-TMX-Group-price-target-lowered-by-C-at-RBC-Capital). The Q4 2025 earnings call transcript is on Seeking Alpha at [source](https://seekingalpha.com/article/4867123-tmx-group-lim

Analyst Ratings

RBC Maintains Outperform on TMXXF TMX Group Limited Feb 9, 2026

ByHuzaifa Zahoor February 10, 2026February 10, 2026

RBC Capital maintained an Outperform rating on TMX Group Limited (TMXXF) on Feb 9, 2026 and lowered its price target to C$64. The TMXXF analyst rating note arrived at 11:29 AM and recorded a 0.41% price change since the action, equal to $0.14. Investors should view this as a reaffirmation of confidence in TMX’s fundamentals despite a modest haircut to near-term upside. The TMXXF analyst rating underscores RBC’s view that franchise cash flows and listing market share still support premium valuation for TMX Group Limited.