The Globe and Mail reports in its Friday, Dec. 19, edition that Desjardins Securities analyst Doug Young has reaffirmed his "buy" recommendation for Toronto-Dominion Bank. The Globe's David Leeder writes in the Eye On Equities column that Mr. Young gave his share target a $7 boost to $133. Analysts on average target the shares at $125.09. Mr. Young says in a note: "2025 was a transformative year for TD as its new CEO swiftly addressed investor concerns on the U.S. AML issue, sold the Schwab stake and committed to buying back stocks (not acquisitions) with the capital that was freed up from the sale. At its September, 2025, investor day, management provided a clear message and reaffirmed its medium-term adjusted ROE target of 16-per-cent-plus (along with a slew of new guidance items). In FY26, we like: TD's focus on maintaining a strong position in Canadian banking; the potential for earnings upside in U.S. retail banking; the potential for growth in capital markets from further leveraging the U.S. Cowen business; another year of support from $6–billion to $7-billion-plus in stock buybacks. Assuming it delivers on all of the above, we see room for valuation multiple expansion (we view TD''s valuation as attractive)."