Barclays Initiates Coverage On Bank of Nova Scotia with Underweight Rating, Announces Price Target of $70
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brian Morton initiates coverage on Bank of Nova Scotia (BNS) with an Underweight rating and a price target of $70.
March 20, 2024 | 10:15 am
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Barclays initiated coverage on Bank of Nova Scotia with an Underweight rating and a price target of $70.
The initiation of coverage by Barclays with an Underweight rating suggests a bearish outlook on BNS's stock in the short term. The price target of $70, depending on the current trading price, may indicate a downside potential, leading to a negative impact on the stock's price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100