TD Bank price target raised to C$120 from C$117 at Jefferies

Jefferies raised the firm’s price target on TD Bank (TD) to C$120 from C$117 and keeps a Buy rating on the shares. Though TD’s Q3 was “arguably not as impressive as some of its peers,” the firm sees it demonstrating “solid progress” in improving U.S. segment profitability and believes “additional upside is still available,” the analyst tells investors.