Raymond James initiated coverage of Scotiabank (BNS) with an Outperform rating and C$108 price target Scotiabank’s recent results point to “a number of encouraging developments” under new management after several years of relative underperformance, the analyst tells investors. With valuation still lagging peers, the firm sees potential for Scotiabank’s multiple to expand as the ROE improves, the analyst added.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BNS:
- Scotiabank price target raised to C$95 from C$86 at Barclays
- Scotiabank price target raised to C$98 from C$90 at Canaccord
- Scotiabank Issues €500 Million Callable Floating Rate Notes
- Scotiabank comments on expected contribution from KeyCorp’s Q3 earnings
- Scotiabank Launches CAD100 Billion Covered Bond Program