The Globe and Mail reports in its Wednesday, Dec. 6, edition that National Bank Financial analyst Gabriel Dechaine has reiterated his "sector perform" ranking for Toronto-Dominion Bank, as well as his $86 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $89.26. Mr. Dechaine thinks fourth quarter earnings season for Canadian banks was "an oddly satisfying finish to a difficult year," seeing the sector "poised for a short-term rally." Mr. Dechaine says in a note: "Despite Q4/23 results that were generally well received (i.e., 4/6 stocks rose in reaction to results), the sector is still underperforming the market on a year-to-date basis. We believe momentum behind the group is positive, at least in the short-term. With negative EPS revisions tied to NIM [net interest margin] and expense growth in the rear-view mirror, and with the outlook for Central Bank rate cuts generating confidence around a 'soft landing' scenario, we believe investor sentiment is turning positive." The Globe reported on Nov. 22 that Mr. Dechaine had reaffirmed his "sector perform" call for Toronto-Dominion Bank. The shares could then be had for $84.22.