TD Bank upgraded to Outperform from Market Perform at BMO Capital

BMO Capital analyst Sohrab Movahedi upgraded TD Bank (TD) to Outperform from Market Perform with a C$90 price target The firm noted that recent unpopularity suggests an opportunity, as it sees a total return potential of 25% over the next year relative to further downside risk of 7%. BMO added that it may be a bit early with the bank in the interregnum but find the 3-to-1 upside/downside skew compelling enough to upgrade the stock and collect an attractive dividend yield even if some patience may be required.