CIBC raised the firm’s price target on Scotiabank (BNS) to C$93 from C$90 and keeps a Neutral rating on the shares. The firm believes consensus estimates for the Canadian banks remain conservative, positioning the group to beat expectations.
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Read More on BNS:
- Bank of Nova Scotia Earnings Call: Strong Growth Amid Challenges
- Scotiabank price target raised to C$94 from C$88 at UBS
- Scotiabank price target raised to C$86 from C$80 at RBC Capital
- Scotiabank price target raised to C$90 from C$87 at Canaccord
- Scotiabank price target raised to C$93 from C$87 at TD Cowen