Toronto-Dominion Bank (TSE:TD) Downgraded by CIBC World Markets to Neutral

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CIBC World Markets has downgraded Toronto-Dominion Bank (TSE:TD) from “outperform” to “neutral” but raised its price target to C$136.00, suggesting a potential upside of 5.21%. Despite the downgrade, other analysts maintain a “Moderate Buy” consensus with an average price target of C$131.15. The bank reported solid fundamentals, including C$2.18 EPS for the quarter, and traded down C$0.92 at C$129.26 with a market cap of C$216.7 billion.

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