On Dec 07, major Wall Street analysts update their ratings for $The Toronto-Dominion Bank (TD.US)$, with price targets ranging from $54.38 to $63.56.
Jefferies analyst John Aiken maintains with a hold rating, and adjusts the target price from $60.54 to $57.91.
BMO Capital analyst Sohrab Movahedi maintains with a hold rating, and adjusts the target price from $59.83 to $63.56.
RBC Capital analyst Darko Mihelic maintains with a hold rating, and adjusts the target price from $58.4 to $54.38.
CIBC analyst Paul Holden maintains with a buy rating, and adjusts the target price from $66.17 to $63.56.
Scotiabank analyst Meny Grauman downgrades to a hold rating, and adjusts the target price from $69.8 to $57.21.
Furthermore, according to the comprehensive report, the opinions of $The Toronto-Dominion Bank (TD.US)$'s main analysts recently are as follows:
The downgrade in expectations for TD Bank can be partially attributed to its underwhelming Q4 results. Additionally, the bank is currently engaging in a strategic review, perceived as a considerable opportunity to fundamentally reassess its operations, especially in light of current operational constraints.
The bank's Q4 earnings did not meet expectations, and it has put a hold on financial targets awaiting a strategic review. Further updates on this matter are anticipated to be shared during the bank's Investor Day, scheduled for the second half of FY25.
Here are the latest investment ratings and price targets for $The Toronto-Dominion Bank (TD.US)$ from 7 analysts:
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
