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Research Alert: CFRA Raises Opinion On Shares Of The Toronto-dominion Bank To Hold From Sell
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CFRA upgrades Toronto-Dominion Bank shares to 'Hold' from 'Sell', raising the 12-month target price to USD95 due to superior credit quality and improved efficiency. Despite challenges from U.S. asset caps, TD's strong credit management and new CEO's efforts in compliance and operations are positive. FY 26 EPS estimate increased to CAD9.04, with FY 27 starting at CAD9.64. TD's efficiency ratio improved, indicating potential for resumed loan growth.
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