07 September 2006

Price Targets for Cdn Banks

  
Bank of Montreal
• BMO Capital Markets maintains "outperform," 12-month target price is $70.00
• CIBC World Markets maintains "sector perform," 12-month target price is raised to $68.00 from $67.00
• Desjardins Securities maintains "buy," 12-month target price is raised to $75.00 from $72.50
• Dundee Securities maintains "neutral," 12-month target price is $69.00
• National Bank Financial maintains "underperform," 12-month target price is raised to $72.00 from $67.00
• RBC Capital Markets maintains "underperform," 12-month target price is raised to $67.00 from $64.00
• Scotia Capital maintains "underperform," 12-month target price is $72.00
• TD Newcrest maintains "hold," 12-month target price is raised to $70.00 from $66.00
• UBS maintains "neutral," 12-month target price is raised to $71.00 from $69.00

Bank of Nova Scotia
• BMO Capital Markets downgrades to "market perform" from "outperform," 12-month target price is $51.00
• CIBC World Markets maintains "sector perform," 12-month target price is $49.00
• Credit Suisse maintains "neutral," 12-month target price is raised to $50.00
• Desjardins Securities maintains "top pick," 12-month target price is $51.00
• Dundee Securities downgrades to "market neutral" from "market outperform," 12-month target price is $51.00
• National Bank Financial maintains "sector perform," 12-month target price is $53.00
• RBC Capital Markets maintains "sector perform," 12-month target price is $49.00
• Scotia Capital maintains "outperform," 12-month target price is $55.00
• TD Newcrest maintains "action list buy," 12-month target price is $54.00
• UBS downgrades to "neutral" from "buy," 12-month target price is $53.00

Canadian Imperial Bank of Commerce
• BMO Capital Markets maintains "outperform," 12-month target price is $90.00
• Credit Suisse maintains "neutral," 12-month target price is $90.00
• Desjardins Securities maintains "buy," 12-month target price is $92.50
• Dundee Securities upgrades to "outperform" from "neutral," 12-month price target is C$90.00
• National Bank Financial maintains "outperform," 12-month target price is $96.00
• RBC Capital Markets maintains "sector perform," 12-month target price is raised to $87.00 from $85.00
• Scotia Capital maintains "underperform, 12-month target price is $85.00
• TD Newcrest maintains "hold," 12-month target price is raised to $88.00 from $86.00

National Bank of Canada
• BMO Capital Markets maintains "outperform," 12-month target price is $70.00
• Credit Suisse maintains "outperform," 12-month target price is $69.00
• Desjardins Securities maintains "hold," 12-month target price is reduced to $65.50 from $67.50
• Dundee Securities upgrades to "outperfrom" from "neutral," 12-month target price is raised to $68.00
• Merrill Lynch downgrades to "hold" from "buy,"
• RBC Capital Markets maintains "outperform," 12-month target price is reduced to $67.00 from $68.00
• Scotia Capital maintains "sector perform," 12-month target price is $72.00
• TD Newcrest maintains "buy," 12-month target price is reduced to $69.00 from $71.00
• UBS maintains "neutral," 12-month target price is raised to $67.00 from $66.00

Royal Bank of Canada
• BMO Capital Markets maintains "market perform, 12-month target price is $52.00
• Desjardins Securities upgrades to "buy" from "hold," 12-month target price is raised to $56.50 from $52.00
• Dundee Securities downgrades to "neutral" from "outperform," 12-month price target is C$54.00
• National Bank Financial maintains "sector perform," 12-month target price is $53.00
• RBC Capital Markets maintains "outperform," 12-month target price is $55.00
• Scotia Capital maintains "outperform," 12-month target price is $58.00
• TD Newcrest maintains "buy," 12-month target price is raised to $55.00 from $53.00

Toronto-Dominion Bank
• BMO Capital Markets maintains "outperform, 12-month target price is $70.00
• Desjardins Securities maintains "top pick," 12-month target price is raised to $72.50 from $69.00
• Dundee Securities maintains "outperform," 12-month target price is $71.00
• National Bank Financial maintains "outperform," 12-month target price is $72.00
• RBC Capital Markets maintains "outperform," 12-month target price is raised to $75.00 from $70.00
• Scotia Capital maintains "sector perform, 12-month target price is $70.00
• UBS maintains "buy," 12-month target price is raised to $76.00 from $75.00
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