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Analysts Are Bullish on Top Financial Stocks: Canadian Bank of Commerce (CM), Toronto Dominion Bank (TD)

Tipranks - Tipranks - Sat May 30, 2:04AM CDT

There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Canadian Bank of Commerce (CM) and Toronto Dominion Bank (TD) with bullish sentiments.

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Canadian Bank of Commerce (CM)

TD Cowen analyst Mario Mendonca reiterated a Buy rating on Canadian Bank of Commerce yesterday and set a price target of C$163.00. The company’s shares closed last Thursday at $109.50.

According to TipRanks.com, Mendonca is a 5-star analyst with an average return of 17.3% and a 70.4% success rate. Mendonca covers the Financial sector, focusing on stocks such as National Bank of Canada, Royal Bank Of Canada, and Bank Of Nova Scotia. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Bank of Commerce with a $111.61 average price target, which is a -3.6% downside from current levels. In a report issued on May 13, TipRanks – xAI also upgraded the stock to Buy with a C$169.00 price target.

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Toronto Dominion Bank (TD)

In a report released today, Matthew Lee from Canaccord Genuity maintained a Buy rating on Toronto Dominion Bank, with a price target of C$169.00. The company’s shares closed last Thursday at $113.34.

According to TipRanks.com, Lee is a 5-star analyst with an average return of 23.0% and a 69.1% success rate. Lee covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Royal Bank Of Canada. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Toronto Dominion Bank with a $111.24 average price target, which is a -1.1% downside from current levels. In a report issued on May 19, Bank of America Securities also maintained a Buy rating on the stock with a C$168.00 price target.

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