BofA Securities analyst Ebrahim Poonawala upgrades $Bank of Nova Scotia (BNS.US)$ to a buy rating, and adjusts the target price from $51.77 to $64.41.
According to TipRanks data, the analyst has a success rate of 71.1% and a total average return of 15.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Bank of Nova Scotia (BNS.US)$'s main analysts recently are as follows:
The market may be underestimating the transformative efforts at Scotiabank led by CEO Scott Thomson. Since assuming his role in early 2023, he has revitalized the leadership team with external talent and shifted the strategic focus towards enhancing franchise profitability. Additionally, there has been a strategic reallocation of capital towards operations in Canada and the U.S.
Lower short-end rates are anticipated to promptly influence net interest income trends, potentially elevating Scotiabank's earnings growth. With an uptick in earnings momentum and increased confidence in achieving higher ROE, there's an expectation of enhanced valuation multiple support and possible expansion.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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美银证券分析师Ebrahim Poonawala上调$丰业银行 (BNS.US)$至买入评级，并将目标价从51.77美元上调至64.41美元。
根据TipRanks数据显示，该分析师近一年总胜率为71.1%，总平均回报率为15.4%。
此外，综合报道，$丰业银行 (BNS.US)$近期主要分析师观点如下：
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