UPDATE: Stifel Nicolaus Initiates Toronto-Dominion Bank at Hold on EPS Outlook
Stifel Nicolaus initiated its coverage on Toronto-Dominion Bank (NYSE: TD) with a Hold rating.
Stifel Nicolaus noted, "As evidenced by our below consensus EPS estimates (even on an "adjusted" EPS basis we believe we are 3%-4% below consensus), the company is not immune to the current environment, in our view. We simply cannot get to the balance sheet growth and/or net interest margin expansion the consensus must be implying in its current 2013 EPS outlook."
Toronto-Dominion Bank closed at $81.61 on Monday.
Latest Ratings for TD
|May 2015||Scotia Capital||Downgrades||Outperform||Sector Perform|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.