TD Securities lowered its price target on EQB Inc. (EQB.TO) to $96 from $105 on Thursday.

Analyst Graham Ryding maintained a Hold rating on shares of the Canadian bank ahead of its quarterly results on December 3.

"We are updating our estimates ahead of Q4/F25 results, reflecting a more conservative loan growth, NIM (still within F2025 guidance) and PCLs outlook (soft employment and housing activity)," Ryding said in a note to clients.

"We have also reduced our F2026 outlook, given lower loan growth exiting F2025, a lower NIM (in line with F2025), and slightly higher PCLs," the analyst said.

(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)