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RBC Reviews TD's Q4, Cuts Target to $77
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RBC Reviews TD's Q4, Cuts Target to $77
Dec 6, 2024 10:39 AM

01:18 PM EST, 12/06/2024 (MT Newswires) -- TD is undergoing a strategic review which is a "significant opportunity" for the bank to reevaluate its whole strategy given the constraints under which it must now operate, writes RBC. Target has been trimmed to $77.

RBC expects costs to remain elevated through the forecast period. Analyst Darko Mihelic is modelling ~1% core EPS growth in 2025, the lowest core EPS growth expectation among the group.

Lowering price target to $77 (was $82). Maintain Sector Perform.

Price: 73.69, Change: -0.33, Percent Change: -0.45

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