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BMO Nesbitt Burns’ Sohrab Movahedi cut his target for Toronto-Dominion Bank (TD-T) to $91 from $93, below the $99.27 average, with a “market perform” recommendation.
“We have updated our TD model estimates based on the latest consensus expectations for SCHW and FHN. This update moved our 2024 EPS estimate from $9.25 to $9.04,” he said.
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