Td Bank Price Target Raised to $95 From $90 at Bmo Capital
BMO Capital raised the firm’s price target on TD Bank (TD) to $95 from $90 and keeps an Outperform rating on the shares. The company’s Q1 result topped consensus with better Wealth & Insurance and Underwriting segments. Today's rally in US stocks and interest rate expectations, which have reduced volatility risk for banks, are seen as contributing factors to the updated target.
- This move reflects the market's increasing confidence in the resilience of Canada's largest bank, driven by its diversified business model, strong capital position, and supportive regulatory environment.
- How will the potential impact of changes to interest rate policies on TD Bank's earnings per share over the next 12 months be reflected in the stock price?