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Corporate Score 45 Slightly positive

Scotiabank Raises Price Target on TD Bank to C$142 Amid Positive Outlook

Mar 09, 2026 08:19 UTC
TD.TO, XIC.TO
Short term

Scotiabank has increased its price target for The Toronto-Dominion Bank (TD.TO) to C$142 from C$132, signaling enhanced confidence in the institution’s near-term performance. The move reflects a revised assessment of TD’s earnings potential and capital efficiency.

  • Scotiabank raised its price target for TD.TO to C$142 from C$132
  • The move reflects improved outlook on TD’s net interest income and credit quality
  • TD.TO closed at C$132.90 on March 8, 2026, indicating ~6.8% upside potential
  • TD.TO is a major constituent of the XIC.TO index
  • The upgrade is based on internal modeling of loan growth and expense control
  • No new financial data or earnings release prompted the change

Scotiabank has upgraded its price target for The Toronto-Dominion Bank (TD.TO) to C$142, up from C$132, citing improved expectations for net interest income and stronger credit quality metrics. The adjustment underscores a more optimistic view on TD’s ability to maintain profitability amid evolving macroeconomic conditions in Canada. The new target implies a potential upside of approximately 6.8% from TD.TO’s closing price on March 8, 2026, which stood at C$132.90. This reevaluation is based on internal modeling that anticipates sustained loan growth and disciplined expense management, particularly in the retail and corporate banking segments. The reiteration of a top-tier rating on TD.TO comes as the broader Canadian financial sector continues to monitor interest rate trajectories and consumer loan performance. TD.TO, which trades on the Toronto Stock Exchange (TSX), remains a key component of the S&P/TSX Composite Index (XIC.TO), where it holds a significant weighting. Investors and market participants may view this price target increase as a signal of growing analyst confidence in TD’s strategic positioning. While the action is not a recommendation to buy or sell, it could influence portfolio allocation decisions, particularly among institutional investors tracking analyst sentiment.

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