TD Bank price target raised to C$122 from C$119 at Raymond James

Raymond James analyst Stephen Boland raised the firm’s price target on TD Bank (TD) to C$122 from C$119 and keeps a Market Perform rating on the shares. The company reported “solid” fiscal Q4 results on strength in fee-based revenue and volume growth, the analyst tells investors in a research note. The firm views TD’s outlook as “conservative” but sees a fair valuation at current share levels.