BofA upgraded Scotiabank (BNS) to Buy from Neutral with a price target of C$90, up from C$73. The Street is under appreciating the progress afoot to turnaround the franchise under CEO Scott Thomson, who has revamped the leadership team with external hires, sharpened focus on franchise profitability, while recalibrating capital deployment towards Canada and the U.S. since taking over as CEO in early 2023, the analyst tells investors.
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Read More on BNS:
- Scotiabank upgraded to Buy from Hold at Canaccord
- Scotiabank upgraded to Buy from Neutral at UBS
- Bank of Nova Scotia Updates Note Distribution Deal
- Bank of Nova Scotia to Issue $50 Billion in Notes
- Scotiabank upgraded to Buy at TD Cowen on expected ROE improvement
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
