The Globe and Mail reports in its Thursday, Feb. 13, edition that Scotia Capital analyst Meny Grauman has reiterated his "sector perform" call for Toronto-Dominion Bank. The Globe's David Leeder writes in the Eye On Equities column that Mr. Grauman gave his share target a $2 boost to $83. Analysts on average target the shares at $85.81. Mr. Grauman says in a note: "Although TD shares outperformed peers by over 400 bps the day it announced that it would sell its remaining Schwab stake, we reiterate our previously published view that this is not an optimal strategic decision. The market clearly likes this deal, but the details only strengthen our contrarian view, especially given that this transaction will only be modestly EPS accretive. It is interesting to note that TD will not be using the full amount of freed-up capital on share buybacks as we (and the Street) had previously assumed. Instead, management is keeping about $5 BB or about 116 bps in capital to help fund largely domestic organic growth. This could signal more organic growth opportunities than we had assumed, but we have to keep in mind that this investment will also come at a time of elevated uncertainty for the Canadian economy."