As previously reported, Canaccord analyst Scott Chan upgraded Toronto-Dominion to Buy from Hold with a price target of C$103, up from C$95, following the bank’s adjusted EPS beat. He has now incorporated TD‘s First Horizon acquisition into his model and he believes TD can generate above-average growth with strong P&C momentum complemented by First Horizon, Chan tells investors.
Published first on TheFly
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Read More on TD:
- Toronto-Dominion upgraded to Buy from Hold at Canaccord
- Toronto-Dominion declares quarterly dividend of C$0.96 per share
- Toronto-Dominion expects to meet/exceed adjusted EPS growth 7%-10% in 2023
- Toronto-Dominion reports Q4 adjusted EPS C$2.18 vs. C$2.09 last year
- TD Bank invests $5M in Citizens Trust Bank
