1020 ET - With a narrowed path for Bank of Nova Scotia's shares to outperform, BofA Securities moves to a neutral stance and drops its buy call. Trade tensions mark a sea change for the bank's operating outlook, which won't be immune to slowing GDP growth and a possible recession, analyst Ebrahim Poonawala says. He flags risks including exposure to Mexico and Latin America, a below average CET1 capital ratio and execution tied to Scotiabank's turnaround efforts. BofA's price objective is cut to C$70 from C$82; shares now down 2% to C$67.03. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
March 31, 2025 10:20 ET (14:20 GMT)
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