The Globe and Mail reports in its Friday, Jan. 17, edition that BofA Securities analyst Ebrahim Poonawala has elevated his recommendation for Toronto-Dominion Bank to "buy" from "neutral." The Globe's David Leeder writes in the Eye On Equities column that Mr. Poonawala saw his share target soar $14 to $92. Analysts on average target the shares at $84.79. Mr. Poonawala says in a note: "Our management meeting with CEO Ray Chun on Tuesday increased our confidence that the new leadership appreciates the frustration among shareholders tied to management execution (marked by the terminated U.S. bank deal due to the AML issues) and the poor messaging to the Street around management's strategy. While the Street awaits a strategic update with new financial targets later in the year, we don't think Chun is likely to wait until then to execute on his priorities (such as potentially monetizing the Schwab stake and redeploying capital). While we were initially skeptical that appointing a TD lifer as CEO would bring the cultural change that the bank needed, our discussion with Chun and his messaging starting with 4Q24 earnings has eliminated this concern and we are now more inclined to see him as an internal activist."