BMO Capital raised the firm’s price target on TD Bank (TD) to C$107 from C$102 and keeps an Outperform rating on the shares. The company’s investor day reinstated medium-term EPS growth of 7%-10%, targeting 16% ROE with positive operating leverage, the analyst tells investors in a research note. BMO is also raising its 2026E EPS to C$8.80 from C$8.45 on the back of higher than expected buybacks and better than projected U.S. retail earnings.
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