National Bank of Canada price target lowered to C$135 from C$141 at CIBC

CIBC lowered the firm’s price target on National Bank of Canada (NTIOF) to C$135 from C$141 and keeps a Neutral rating on the shares. The firm expects Q1 results in the Canadian Banks sector to show positive earnings momentum, but the outlook for the rest of FY25 will be clouded by the U.S. tariff risk, the analyst tells investors.