Canaccord raised the firm’s price target on Scotiabank (BNS) to C$90 from C$87 and keeps a Buy rating on the shares. The firm said they delievered an earnings beat on the back of solid credit and fee-based revenue growth. Canaccord said they were impressed by the firm’s overall performance and view the quarter as a step in the right direction for BNS’ primacy strategy.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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$93 from C$87 at TD Cowen
- Scotiabank price target raised to C$86 from C$80 at RBC Capital
- Balanced Outlook for Bank of Nova Scotia: Hold Rating Amid Strong Earnings and Strategic Challenges
- Scotiabank price target raised to C$86 from C$81 at Barclays
- Hold Rating for Bank of Nova Scotia Amid Price Discount and Growth Uncertainty
