National Bank of Canada Price Target Boosted by Scotiabank

The National Bank of Canada has received an updated price target from Scotiabank. The bank's analysts have increased their target for the financial institution to C$243, up from a previous estimate of C$241.

It is worth noting that this revised forecast is based on backtested results and may not reflect actual trading or market conditions. Backtesting allows for the retroactive application of a model constructed on historical data, but it also has inherent limitations, such as the potential for under- or over-compensation for factors like liquidity.