Neutral Ratings for Canadian Banks: Experts Weigh In
Canadian Bank of Commerce (CM) and Toronto Dominion Bank (TD) are two prominent financial institutions in Canada, recently analyzed by experts.
Analyst Douglas Young from Desjardins maintains a Hold rating on Canadian Bank of Commerce with a price target of C$170.00. The company's shares closed last Friday at $114.35.
According to TipRanks.com, Young is a 5-star analyst with an average return of 17.0% and a 74.0% success rate. He covers the Financial sector, focusing on stocks such as National Bank of Canada, Bank Of Nova Scotia, and Bank Of Montreal.
Canadian Bank of Commerce has an analyst consensus of Moderate Buy, with a price target consensus of $122.08, representing a 5.6% upside. KBW also initiated coverage with a Hold rating on the stock with a C$186.00 price target.
In contrast, Toronto Dominion Bank (TD) has been maintained at Hold by analyst Paul Holden from CIBC with a price target of C$187.00. The company's shares closed last Friday at $121.28.