The Globe and Mail reports in its Friday, Dec. 20, edition that BMO Nesbitt Burns analyst Sohrab Movahedi has elevated his recommendation for Toronto-Dominion Bank to "outperform" from "market perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Movahedi has reaffirmed his $90 share target. Analysts on average target the shares at $83.26. Mr. Movahedi believes "unpopularity suggests opportunity" at TD. He says in a note: "We see a total return potential of 25 per cent over the next year relative to further downside risk of 7 per cent (i.e. downside protection at $70 per share or 6-per-cent dividend yield/1.0 times estimated 2026 book value per share). We may be a bit early with the bank in the interregnum but find the three-to-one upside/downside skew compelling enough to upgrade TD to 'outperform,' and collect an attractive dividend yield even if some patience may be required." The Globe reported on Dec. 6, 2023, and April 5, 2024, that Mr. Movahedi rated TD "market perform." The shares could then be had for $82.26 and $80.63. The Globe reported on Dec. 13, 2024, that Jefferies analyst John Aiken had elevated his recommendation for TD to "buy" from "hold." It was then worth $76.09.