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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TD:
- TD Bank sees FY26 adjusted EPS growth 6%-8%, adjusted ROE 13%
- U.S. Pharma Stocks Rise on Trump’s Fresh 100% Tariff Threat on Foreign Drugs
- TD Bank price target raised to C$112 from C$109 at CIBC
- TD Bank price target raised to C$113 from C$109 at Canaccord
- TD Bank price target raised to C$104 from C$95 at Scotiabank