Reported about 11 hours ago
BofA has increased its price target for Scotiabank (BNS) from C$70 to C$71 while maintaining a Neutral rating on the shares. The firm notes that the anticipated cyclical recovery in the Canadian economy is being hindered by a weak housing market and slow job growth. This may delay the peak in the credit cycle, although potential policy changes from the new Carney administration and easing trade tensions with the U.S. could improve growth sentiment.
Source: YAHOO