TD Bank price target raised to C$102 from C$94 at BofA

BofA analyst Ebrahim Poonawala raised the firm’s price target on TD Bank (TD) to C$102 from C$94 and keeps a Buy rating on the shares, telling investors that the bank’s fiscal Q2 results “provided another positive proof point for our bullish thesis on the stock” based on the view that new leadership’s actions led by CEO Raymond Chun should lead to “a more profitable and a more focused TD.”