Canaccord raises PT on Canada's Toronto-Dominion, shares edge up

Brookline Bancorp

16/12/2024 15:36

** Canaccord Genuity raises PT on Canada's Toronto-Dominion
to C$89 from C$87, maintains "buy" rating
    ** "Consistent performance in Canadian P&C and Wealth and
strengthening fee revenues in Wholesale provide a pathway for
the firm to reach 14% ROE," analysts says in a note
    ** Despite lower growth expectations, TD remains a prudent
buy for long-term holders - analysts
    ** Stock is up 0.3% at C$76.06 in early hours of trading
    ** Last week, Jefferies also raised PT to C$90 from C$82 and
rating to "buy" from "hold"
    ** Of 16 analysts covering the stock, six rate it "buy" or
higher, eight "hold" and 2 "sell"; median PT is C$83
    ** Including session's move, stock down ~11.1% YTD

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))