TD Bank price target raised to C$148 from C$133 at RBC Capital

RBC Capital raised the firm’s price target on TD Bank (TD) to C$148 from C$133 and keeps an Outperform rating on the shares. The company’s results were stronger than expected across most segments except for Wealth Management and Insurance, while the total revenues, total credit loss provision, and non-interest expenses all came in better than the firm’s forecasts, the analyst tells investors in a research note.