RE:RE:TD ups it's target from $15.50 to $46Actually , I got the finance costs very bad.
Its $9.3 million US per quarter or about $37 million US per year.
If all debt is paid down,that's $37 US million in free cash flow ( $1.20 US per share ) to the remaining two division to share.
This will considerably improve their net margins and net earnings which will be further bolstered by cost compression measures Taken in 2021.
From these perspectives, it is not unexpected that TD has a $46 target.