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Bank of Nova Scotia Upgraded to Buy at TD

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Bank of Nova Scotia (BNS.TO) was upgraded to buy from hold at TD Securities on Wednesday.

Analyst Mario Mendonca raised his price target on shares of the Canadian bank to C$141 from C$124 following its quarterly results.

Fiscal third quarter "results were strong, reflecting better loan growth, strong capital markets-related revenue, and lower provisions for credit losses," Mendonca said in a note to clients.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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