Sunday, January 01, 2006

Price Targets for Cdn Banks & Insurance

  
Bank of Montreal ($65.00)
• Blackmont Capital maintains a "hold", 12-month target price is raised to $62.00
• BMO Nesbitt Burns maintains a "market perform", target price raised to $65.00
• CIBC World Markets maintains a "sector performer", 12-18-month target price raised to $68.00
• Dundee Securities maintains a "market neutral", 12-month target price is raised to $65.00
• RBC Capital Markets maintains a "sector perform", target price raised to $63.00
• Scotia Capital Markets upgrades to "sector perform", 1-year target price raised to $72.00
• TD Newcrest maintains a "hold", 12-month target price is raised to $65.00

Bank of Nova Scotia ($46.14)
• Blackmont Capital maintains a "hold", 12-month target price is raised to $47.00
• BMO Nesbitt Burns maintains a "market perform", target price is $49.00
• CIBC World Markets maintains a "sector underperformer", 12-18-month target price raised to $48.00
• Dundee Securities maintains a "market neutral", 12-month target price is raised to $48.50
• RBC Capital Markets maintains a "sector perform", target price raised to $49.00
• Scotia Capital Markets "rating: restricted", 12-month target price is $56.00
• TD Newcrest maintains a "hold", 12-month target price is $48.00
• UBS maintains a "neutral", 1-year target price is raised to $49.00

CIBC ($76.41)
• Blackmont Capital maintains a "buy", 12-month target price is raised to $83.00
• BMO Nesbitt Burns maintains "outperform", 12-month target price is $81.00
• Credit Suisse First Boston maintains "outperform", 12-month target price is $82.00
• Dundee Securities maintains "neutral", 12-month target price is $78.00
• RBC Capital Markets maintains "underperform", 12-month target price is $76.00
• Scotia Capital Markets maintains "sector underperform", 12-month target price is $85.00
• TD Newcrest maintains "hold", 12-month target price is cut to $78.00

National Bank of Canada ($60.32)
• Blackmont Capital downgrades to "hold", 12-month target price is raised to $64.00
• BMO Nesbitt Burns maintains a "market perform", target price is $61.00
• CIBC World Markets maintains a "sector outperformer", 12-18-month target price is $22.00
• Dundee Securities maintains a "market outperform", 12-month target price is raised to $64.50
• RBC Capital Markets reiterates "outperform", target price raised to $65.00
• Scotia Capital Markets maintains a "sector perform", 1-year target price is $72.00
• TD Newcrest maintains a "hold", 12-month target price is cut to $63.00
• UBS maintains a "neutral", 1-year target price is raised to $62.00

Royal Bank of Canada ($90.81)
• Blackmont Capital downgrades to "hold", 12-month target price is raised to $93.00
• BMO Nesbitt Burns maintains a "market perform", target price is $92.00
• CIBC World Markets maintains a "sector performer", 12-18-month target price raised to $93.00
• Dundee Securities maintains a "market neutral", 12-month target price is raised to $92.00
• RBC Capital Markets maintains "outperform", 12-month target price is $96.00
• Scotia Capital Markets maintains "outperform", 1-year target price is $110.00
• TD Newcrest upgrades to "buy", 12-month target price is raised to $98.00

Toronto-Dominion Bank ($61.13)
• BMO Nesbitt Burns maintains an "outperform," target price is $66.00
• Blackmont Capital maintains a "hold," 12-month target price is raised to $64.00
• Desjardins Securities, target price is raised to $70.00
• Dundee Securities maintains a "market outperform", 12-month target price is raised to $62.00
• National Bank Financial maintains a "top pick," 12-month target price is raised to $68.00
• RBC Capital Markets maintains an "outperform," target price is raised to $70.00
• Scotia Capital Markets maintains a "sector outperform," 1-year target price is $75.00
• UBS maintains a "buy", 1-year target price is raised to $69.00

Manulife Financial Corporation ($68.27)
• BMO Nesbitt Burns maintains "outperform", 12-month target price is raised to $74.00
• Credit Suisse First Boston maintains "outperform", 12-month target price is $69.00
• GMP Securities Securities maintains "buy", 12-month target price is $70.50
• RBC Capital Markets maintains "top pick", target price is $74.00
• TD Newcrest maintains "buy", 12-month target price is raised to $73.00

Sun Life Financial Inc. ($46.73)
• BMO Nesbitt Burns maintains "outperform", 12-month target price is $51.00
• GMP Securities Securities maintains "buy", 12-month target price is $53.00
• National Bank Financial maintains "outperform", 12-month target price is $50.00
• RBC Capital Markets maintains a "sector perform", target price is $47.00
• Scotia Capital Markets maintains a "sector perform", 1-year target price is $46.00

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