Scotiabank price target raised to C$65 from C$63 at Barclays

Barclays analyst John Aiken raised the firm’s price target on Scotiabank to C$65 from C$63 and keeps an Underweight rating on the shares. With consensus estimates lowered coming out of the Q2 reports, Canadian banks “could surprise to the upside,” posting better than expected Q3 earnings and continuing to “fuel valuations ahead of the long-awaited and but now only potential recession,” the analyst tells investors in a research note.