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National Bank of Canada Price Target Raised to $181 at TD

BY MT Newswires | ECONOMIC | 12/04/25 07:58 AM EST

07:58 AM EST, 12/04/2025 (MT Newswires) -- TD Securities raised its price target on National Bank of Canada (NTIOF) to $181 from $161 on Thursday.

Analyst Mario Mendonca maintained a Hold rating on shares of the Canadian bank following its Q4 results.

"NA beat our estimate on strong trading revenue," Mendonca said in a note to clients.

"NA is optimistic on CWB revenue, expense and capital synergies; and through capital allocation to buybacks and tuck-ins, guided to 17%+ ROE in 2027," the analyst said. "Conversely, credit is a concern, particularly at ABA and CWB's commercial book."

"NA's premium valuation, given what we view as an undesirable business mix (ABA, overweight trading), supports our Hold."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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