TD Bank price target raised to C$93 from C$87 at RBC Capital

RBC Capital raised the firm’s price target on TD Bank (TD) to C$93 from C$87 and keeps a Sector Perform rating on the shares. The company’s Q2 results were strong with lower than expected impaired provisions for credit loss, PCL, partially offset by higher than anticipated expenses and a credible performing PCL build, the analyst tells investors in a research note.