The Globe and Mail reports in its Friday, Feb. 28, edition that Desjardins Securities analyst Doug Young continues to rate Toronto-Dominion Bank "hold." The Globe's David Leeder writes that Mr. Young gave his share target a $7 boost to $92. Analysts on average target the shares at $89.50. While warning its shares could remain range-bound in the near term, Mr. Young is "warming up" to TD despite first quarter 2025 financial results that he deemed "neutral to slightly negative." On Thursday TD reported cash earnings per share of $2.02, exceeding Mr. Young's $1.94 estimate and the Street's expectation of $1.96. Mr. Young says in a note: "While cash EPS beat our estimate, adjusted pretax, preprovision (PTPP) earnings were in line. We lean toward slightly negative because the cash EPS beat was driven by lower PCLs, and the U.S. P&C banking division missed. ... Positives. (1) Canadian P&C banking adjusted PTPP earnings were 1 per cent above our estimate. (2) Wealth management had a good quarter. (3) The PCL rate was 50 basis points, below our 53 basis points estimate, and new gross impaired loan formations declined sequentially; however, we were surprised there wasn't a build in performing loan PCLs."