The Globe and Mail reports in its Friday, May 23, edition that Desjardins Securities analyst Doug Young has reaffirmed his "hold" recommendation for Toronto-Dominion Bank. The Globe's David Leeder writes in the Eye On Equities column that Mr. Young gave his share target a $2 boost to $97. Analysts on average target the shares at $93.86. Mr. Young saw the second quarter results from TD as "encouraging" after cash earnings per share and adjusted pretax, preprovision (PTPP) earnings exceeded his estimates by 16 per cent and 8 per cent. Mr. Young says in a note: "Much of the beat came from wealth management, insurance and capital markets (tougher to model), as well as better-than expected credit performance, which remains difficult to forecast in this environment -- hence, 'slightly [positive].' ... Concerns. Canadian P&C adjusted PTPP earnings were 3 per cent below both our estimate and consensus. While a few items weighed on results this quarter, management is optimistic." The Globe reported on Feb. 6 and Feb. 28 that Mr. Young had reaffirmed his "hold" recommendation for Toronto-Dominion Bank. The shares could then be had for $82.25 and $86.64.