The Globe and Mail reports in its Tuesday, Nov. 25, edition that Barclays analyst Brian Morton raised his target prices for Canadian bank stocks on Monday ahead of the start of the sector's earnings season next week. The Globe's David Leeder writes in the Eye On Equities column that Mr. Morton says in a note: "We expect Canadian Bank 4Q25 earnings to modestly decline sequentially on seasonality though capital markets remains a bright spot. In addition, we look for banks to provide initial 2026 guidance, but with valuations at multi-year highs, it needs to impress. Concerns remain on NBFI and mortgage." Mr. Morton raised his share target for National Bank of Canada to $158 from $147, while maintaining an "equal weight" recommendation. Analysts on average target National Bank shares at $158.79. Mr. Morton rates Royal Bank of Canada "overweight." His share target soared $18 to $221. Analysts on average target RBC shares at $211.80. Mr. Morton continues to rank Toronto-Dominion Bank "underweight." Mr. Morton gave his share target a $14 boost to $114. Analysts on average target TD shares at $114.37.
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