TD Bank upgraded to Outperform from Market Perform at BMO Capital


TD Bank upgraded to Outperform from Market Perform at BMO Capital

BMO Capital analyst Sohrab Movahedi upgraded TD Bank (TD) to Outperform from Market Perform with a C$90 price target The firm noted that recent unpopularity suggests an opportunity, as it sees a total return potential of 25% over the next year relative to further downside risk of 7%. BMO added that it may be a bit early with the bank in the interregnum but find the 3-to-1 upside/downside skew compelling enough to upgrade the stock and collect an attractive dividend yield even if some patience may be required.

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