Barclays analyst Brian Morton upgrades $Bank of Nova Scotia (BNS.US)$ to a hold rating, and adjusts the target price from $50.1 to $81.
According to TipRanks data, the analyst has a success rate of 23.1% and a total average return of -6.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Bank of Nova Scotia (BNS.US)$'s main analysts recently are as follows:
Seasonal headwinds and the effect of lower rates could influence Canadian bank earnings in Q4, however, asset management may bolster fee revenue. The review of initial takes on 2025 by banks is also anticipated.
The Street may be underestimating the significant advancements being made in the turnaround of the franchise under CEO Scott Thomson. Since his initiation in early 2023, there has been a revamp of the leadership team through external hires, a heightened focus on franchise profitability, along with a recalibration of capital deployment focused more towards Canada and the U.S.
Note:
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