Scotiabank price target raised to C$65 from C$62 at RBC Capital

RBC Capital raised the firm’s price target on Scotiabank to C$65 from C$62 and keeps a Sector Perform rating on the shares. The company’s Q3 results were in line with expectations, it’s credit quality remains stable from Q2, and the firm is positive on the company’s larger than expected build of performing provision for credit losses while impaired provisions were below its estimates, the analyst tells investors in a research note.