RBC Capital Maintains Sector Perform on Bank of Nova Scotia, Lowers Price Target to C$72
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Darko Mihelic has maintained a 'Sector Perform' rating on Bank of Nova Scotia (TSX:BNS) and lowered the price target from C$73 to C$72.
August 30, 2023 | 1:17 pm
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NEUTRAL IMPACT
Bank of Nova Scotia's price target has been lowered from C$73 to C$72 by RBC Capital, while maintaining a 'Sector Perform' rating.
The news is directly about Bank of Nova Scotia. The lowering of the price target might indicate a slightly less optimistic outlook for the bank, but the maintenance of the 'Sector Perform' rating suggests that the bank is still expected to perform on par with the sector. This could have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100