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

Reuters
2024-12-16
BUZZ-Canaccord raises PT on Canada's Toronto-Dominion, shares edge up

** 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;))

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