BMO Capital Maintains Market Perform on Toronto-Dominion Bank, Lowers Price Target to C$81
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Sohrab Movahedi has maintained a Market Perform rating on Toronto-Dominion Bank (TD), while lowering the price target from C$86 to C$81.
March 01, 2024 | 4:40 pm
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BMO Capital maintains a Market Perform rating on Toronto-Dominion Bank, with a reduced price target from C$86 to C$81.
The reduction in the price target by BMO Capital, a reputable financial institution, could lead to a negative short-term impact on Toronto-Dominion Bank's stock price. Investors often view such adjustments as a signal of expected performance, and a lower price target may reduce investor confidence and demand for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100