The Globe and Mail reports in its Thursday, Nov. 8, edition that Desjardins Securities analyst Doug Young feels current valuations for Canadian banks "still appear reasonable" given the other investment alternatives. The Globe's David Leeder writes in the Eye On Equities column that Mr. Young says in a note: "While Canadian bank stock prices decreased 5.8 per cent during 4Q FY18, on average the group still outperformed the S&P/TSX as well as the Canadian and U.S. lifeco average and U.S. bank index. [Canadian Imperial Bank of Commerce] was the best-performing Canadian bank (down 4.2 per cent) while [Canadian Wester Bank] underperformed materially (down 16.1 per cent, negatively impacted by market sentiment on mortgage loan growth, NIM expansion and branch-raised deposits). The Big Six Canadian banks are on average trading below their 20-year historical average P/4QF EPS multiples." He continues to rate CIBC "buy," while lowering his share target to $133 from $135. Analysts on average target the shares at $132.93. With an unchanged "hold" rating Mr. Young boosted his share target on Canadian Western Bank to $38 from $40. Analysts on average target the shares at $38.22.