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Analysts Offer Insights on Financial Companies: Bank Of Nova Scotia (BNS) and Canadian Bank of Commerce (CM)

Analysts fell to the sidelines weighing in on Bank Of Nova Scotia (BNSResearch Report) and Canadian Bank of Commerce (CMResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Bank Of Nova Scotia (BNS)

In a report released today, Paul Holden from CIBC maintained a Hold rating on Bank Of Nova Scotia, with a price target of C$86.00. The company’s shares closed last Tuesday at $64.47.

According to TipRanks.com, Holden is a 4-star analyst with an average return of 7.4% and a 54.2% success rate. Holden covers the Financial sector, focusing on stocks such as Element Fleet Management, National Bank of Canada, and Toronto Dominion Bank.

Bank Of Nova Scotia has an analyst consensus of Moderate Buy, with a price target consensus of $73.62, a 15.4% upside from current levels. In a report issued on May 11, Barclays also maintained a Hold rating on the stock with a C$84.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Canadian Bank of Commerce (CM)

Barclays analyst John Aiken maintained a Hold rating on Canadian Bank of Commerce today and set a price target of C$71.00. The company’s shares closed last Tuesday at $55.02.

According to TipRanks.com, Aiken is a 1-star analyst with an average return of -2.7% and a 44.3% success rate. Aiken covers the Financial sector, focusing on stocks such as Element Fleet Management, National Bank of Canada, and Toronto Dominion Bank.

Canadian Bank of Commerce has an analyst consensus of Moderate Buy, with a price target consensus of $116.20, an 112.9% upside from current levels. In a report released today, Bank of America Securities also downgraded the stock to Hold with a C$75.00 price target.

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