Scotiabank price target lowered to C$81.50 from C$83.50 at Canaccord

Canaccord analyst Scott Chan lowered the firm’s price target on Scotiabank to C$81.50 from C$83.50 and keeps a Buy rating on the shares. The analyst said they reported a slight adjusted earnings beat which he views as lower quality. As a result he lowered his estimates and price target.