RBC Capital Maintains Outperform on Toronto-Dominion Bank, Lowers Price Target to $94
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Darko Mihelic has maintained an Outperform rating on Toronto-Dominion Bank (NYSE:TD) but lowered the price target from C$96 to C$94.
August 25, 2023 | 3:04 pm
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NEUTRAL IMPACT
Toronto-Dominion Bank's price target has been lowered from C$96 to C$94 by RBC Capital, though the Outperform rating is maintained.
The news is directly about Toronto-Dominion Bank and is likely to influence investor sentiment. The lowering of the price target might be seen as a negative signal, but the maintenance of the Outperform rating indicates that the bank is still expected to perform well. The impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100