Barclays Maintains Underweight on Bank of Nova Scotia, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst John Aiken has maintained an Underweight rating on Bank of Nova Scotia (NYSE:BNS) and raised the price target from C$63 to C$65.
August 21, 2023 | 10:34 am
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NEUTRAL IMPACT
Barclays has maintained an Underweight rating on Bank of Nova Scotia and raised the price target, which could potentially impact the stock's performance.
The news is directly about BNS and its rating by Barclays. While the Underweight rating suggests that Barclays believes BNS is expected to underperform, the increase in price target could be seen as a positive signal. The net impact on the stock is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100