Tuesday, March 13, 2007

Price Targets for Banks

  
Bank of Montreal
• BMO Capital Markets maintains "market perform," 12-month target price is $70.00
• Blackmont Capital maintains "hold," 12-month target price raised to $75.00
• CIBC World Markets maintains "sector perform," 12-month target price raised to $75.00 from $68.00
• CSFB maintains "neutral," 12-month target price is $74.00
• Desjardins Securities maintains "buy," 12-month target price is $77.00
• Genuity Capital Markets downgrades to "sell" from "hold," 12-month target price is $74.00
• Scotia Capital maintains "underperform," 12-month target price is $80.00
• TD Newcrest maintains "hold," 12-month target price is $73.00
• UBS maintains "neutral," 12-month target price raised to $74.00 from $72.00

Bank of Nova Scotia
• BMO Capital Markets maintains "underperform," 12-month target price is $53.00
• Blackmont Capital maintains "buy," 12-month target price is $61.00
• CSFB maintains "neutral," 12-month target price raised to $57.00 from $56.00
• Desjardins Securities upgrades to "top pick" from "buy," 12-month target price is $57.00
• National Bank Financial maintains "outperform," 12-month target price is $59.00
• TD Newcrest maintains "action list buy," 12-month target price raised to $60.00 from $57.00
• UBS upgrades to "buy" from "neutral," 12-month target price raised to $58.00 from $56.00

Canadian Imperial Bank of Commerce
• BMO Capital Markets maintains "outperform," 12-month target price raised to $110.00 from $104.00
• Blackmont Capital maintains "hold," 12-month target price raised to $103.00 from $99.00
• CSFB maintains "outperform," 12-month target price is $112.00
• Desjardins Securities maintains "buy," 12-month target price raised to $110.00 from $102.00
• Dundee Securities upgrades to "outperform" from "neutral," 12-month price target is C$119.00
• Scotia Capital maintains "sector perform, 12-month target price is $115.00
• TD Newcrest maintains "hold," 12-month target price raised to $106.00 from $100.00
• UBS maintains "neutral," 12-month target price raised to $108.00 from $99.00

National Bank of Canada
• BMO Capital Markets downgrades to "market perform" from "outperform," 12-month target price raised to $71.00 from $70.00
• Blackmont Capital maintains "hold," 12-month target price raised to $67.50 from $65.00
• CIBC World Markets maintains "sector perform," 12 month target price is $71.00
• Desjardins Securities maintains "hold," 12-month target price raised to $69.00 from $68.00
• Dundee Securities maintains "neutral," 12-month target price is $71.00
• National Bank Financial maintains "sector perform," 12-month target price is $71.00
• Scotia Capital maintains "underperform," 12-month target price is $77.00
• TD Newcrest maintains "buy," 12-month target price raised to $73.00 from $71.00
• UBS maintains "neutral," 12-month target price is $70.00

Royal Bank of Canada
• BMO Capital Markets upgrades to "outperform" from "market perform," 12-month target price raised to $60.00 from $58.00
• Blackmont Capital maintains "hold," 12-month target price raised to $61.00 from $55.00
• CIBC World Markets upgrades to "outperform" from "sector perform," 12-to-18-month target price is $64.00
• CSFB maintains "outperform," 12-month target price raised to $64.00 from $62.00
• Desjardins Securities maintains "buy," 12-month target price raised to $60.00 from $56.50
• Dundee Securities maintains "neutral," 12-month price target is $61.00
• National Bank Financial maintains "sector perform,"
• Scotia Capital maintains "outperform," 12-month target price raised to $75.00 from $68.00
• TD Newcrest maintains "action list buy," 12-month target price raised to $64.00 from $61.00
• UBS maintains "neutral,"

Toronto-Dominion Bank
• BMO Capital Markets maintains "outperform," 12-month target price raised to $75.00 from $70.00
• Blackmont Capital maintains "hold," 12-month target price raised to $73.00 from $68.00
• CIBC World Markets maintains a "sector outperform," target price raised to $79.00
• Desjardins Securities maintains "top pick," 12-month target price raised to $78.50 from $75.00
• Dundee Securities maintains "market neutral," 12-month target price raised to $78.00 from $76.00
• Merrill Lynch, 12-month target price raised to $77.00 from $74.00
• National Bank Financial maintains "outperform," 12-month target price is $79.00
• Scotia Capital maintains "sector perform," 12-month target price is $81.00
• TD Newcrest maintains "sector perform," 12-month target price is $81.00
• UBS maintains "buy," 12-month target price raised to $80.00 from $77.00
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