Zscaler (ZS) has an average rating of buy and mean price target of $193.45, according to analysts polled by FactSet.
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RBC Capital Markets raised its price target on Toronto-Dominion Bank (TD.TO, TD) to $156 from $138.Analyst Darko Mihelic maintained an Outperform rating on shares of the Canadian bank."TD's adjusted results were above our expectations across most segments except for Canadian Personal and Commercial Banking," Mihelic said in a note to clients. "PCLs and non-interest expense were both better than we anticipated.""We like what we saw with respect to the US business but at the margin see slightly lower earnings in Canada and we scaled back buybacks a touch," the analyst said."We modestly increase our core earnings estimates across most segments and we see the investment case as still better than most other Canadian banks we cover."
RBC Capital Markets raised its price target on Canadian Imperial Bank of Commerce (CM.TO, CM) to $167 from $147.Analyst Darko Mihelic maintained an Outperform rating on shares of the Canadian bank following its Q2 results."Results were higher than expected across the operating segments except for Canadian Personal and Business Banking," Mihelic said in a note to clients."CM made several announcements this quarter including an intended NCIB, an agreement to sell its stake in CIBC Caribbean, and a definitive agreement for a tuck-in wealth strategic partnership / minority interest acquisition," the analyst said."We mainly model higher impaired PCLs in Canada and we reflect the planned sale of CM's stake in CIBC Caribbean; our estimates decrease."