TD Securities raised its price target on Bank of Nova Scotia (BNS.TO) to $79 from $77 on Wednesday.
Analyst Mario Mendonca maintained a Buy rating on shares of the Canadian bank following its Q2 results.
"Despite the EPS miss, our outlook improved," Mendonca said in a note to clients.
"The buyback, dividend increase, comments on credit (stabilizing), and conservative posture on credit reserving support a better outlook for 2026 EPS growth," the analyst said.
"We believe the next key development to focus on is the resumption of wholesale and international loan growth (early in 2026)," Mendonca said.
"A discount valuation and improving momentum support our Buy rating."
(MT Newswires 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://www.mtnewswires.com/contact-us)
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