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Desjardins Maintains Top Pick Rating, C$65 PT for The Bank of Nova Scotia

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In a report published earlier today, Desjardins Capital Markets maintained its Top Pick rating and C$65.00 price target for The Bank of Nova Scotia (NYSE: BNS).

Desjardins went on to say “Given our concern about slower growth and weaker profitability in Canadian banking, and over-reliance on trading revenue, one of our recurring themes has been that diversity pays. Scotia's diversity stood out in the past quarter, with robust growth in international banking. We view this diversity and Scotia's acquisition discipline—also evident in its latest results—as key strengths.”

The Bank of Nova Scotia closed yesterday at US$50.84.

Latest Ratings for BNS

DateFirmActionFromTo
May 2015RBC CapitalUpgradesOutperform
May 2015Bank of AmericaDowngradesNeutralUnderperform
Mar 2015CitigroupMaintainsNeutral

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Posted-In: Desjardins Capital MarketsAnalyst Color Reiteration Analyst Ratings

 

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