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TD Bank price target raised to C$94 from C$90 at CIBC

TD Bank price target raised to C$94 from C$90 at CIBC

CIBC raised the firm’s price target on TD Bank (TD) to C$94 from C$90 and keeps an Outperformer rating on the shares. The firm expects Q1 results in the Canadian Banks sector to show positive earnings momentum, but the outlook for the rest of FY25 will be clouded by the U.S. tariff risk, the analyst tells investors.

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