Scotiabank upgraded Toronto-Dominion Bank, leading to a potential short-term decrease in stock price.
Stock AI’s forecasts:
🔴 -2.8% short-term ⬇️
🟢 +0.9% long-term ⬆️
Stock AI’s (TD) Forecast get (+7.1% Profit)
StockAI’s analysis delivers real-world results. On 07 March 2024, $TD ($60.9), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $56.6 (🔴-7.1%). Selling TD on this signal yielded a +7.1% profit 💰💰.
TD-The Toronto-Dominion Bank News
🟢 Scotiabank upgraded shares of Toronto-Dominion Bank from a sector perform to an outperform rating, with a price target of C$93.00.
🔴 First Citizens Bank & Trust Co. boosted its holdings in TD by 8.6% during the 4th quarter.
🟢 The Toronto-Dominion Bank declared a quarterly dividend of 1.02 per share.
🔴 Clarius Group LLC increased its position in TD by 47.3% in the fourth quarter.
🟢 Independence Bank of Kentucky acquired a new position in TD during the 4th quarter.
🔴 Valley National Advisers Inc. lessened its stake in TD by 23.1% during the 4th quarter.
The recent news for The Toronto-Dominion Bank stock has seen a mix of positive and negative impacts on the price. The upgrades and dividend declaration have boosted investor confidence and could potentially lead to an increase in the stock price. On the other hand, the increase in holdings by some institutions coupled with the reduction in stake by others could create some uncertainty in the market, leading to a possible decrease in price. Overall, the stock is likely to experience some volatility in the short term, but the long-term forecast remains positive with a modest increase expected. Investors should closely monitor the developments and adjust their investment strategies accordingly.
TD-The Toronto-Dominion Bank Analyst Ratings
In recent analyst ratings for The Toronto-Dominion Bank (Ticker: TD) stock, there have been notable changes that investors should take note of. Here is a brief list of analyst ratings:
📈 Scotiabank upgraded their rating on TD stock from sector perform to outperform with a price target of C$93.00.
📉 StockNews.com downgraded TD stock from a buy rating to a hold rating.
📈 TD Securities upped their price target on Algonquin Power & Utilities (NYSE:AQN) stock.
📉 TD Cowen raised their price target on BeiGene (NASDAQ:BGNE) stock.
Sources:
– ETF Daily News – Scotiabank upgrades TD stock
– ETF Daily News – StockNews.com downgrades TD stock
– ETF Daily News – TD Securities raises price target on AQN stock
– ETF Daily News – TD Cowen raises price target on BGNE stock
– ETF Daily News – Lindbrook Capital LLC buys shares of TD stock
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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