National Bank of Canada price target raised to C$121 from C$113 at Jefferies

Jefferies raised the firm’s price target on National Bank of Canada to C$121 from C$113 and keeps a Hold rating on the shares. Among the Canadian banks, the firm is looking for “an unspectacular but solid” Q2, adding that it favors banks weighted toward fee based revenues and those that have the ability to generate positive operating leverage.