Inside the Market’s roundup of some of today’s key analyst actions
Desjardins Securities analyst Doug Young thinks uncertainty is likely to linger throughout Canada’s banking sector as third-quarter earnings season approach.
" Nobody knows the way it’s gonna be. No, my Oasis quotes aren’t done yet,“ he said. ”It has been a roller coaster of a year—we began with general optimism, then came an abrupt turn on ‘Liberation Day’, with a subsequent improvement in sentiment as just maybe things won’t be as bad as initially thought. Nobody knows! While the geopolitical situation is fluid, the fundamentals of Canadian banks aren’t bad, and we don’t view the banks as expensive. We remain overweight the Canadian banking sector. CM and RY remain our top picks."
In a client report released Wednesday