TD Bank loses Buy rating at Citi

|By:, SA News Editor

Ahead of Canadian bank earnings this week, Citigroup pulls its chips off the table on TD Bank, downgrading to Neutral from Buy. In other analyst moves, KBW boosts its price target  by $1 to C$50.

TD has been the strongest performer of the large Canadian lenders over the last year, up 8% Y/Y. Bank of Montreal is next, up 5.6%, followed by RBC up 3.4%, and Scotiabank down 3.8%.