The Globe and Mail reports in its Tuesday, Nov. 5, edition that Desjardins Securities analyst Doug Young has reaffirmed his "hold" recommendation for Bank of Montreal. The Globe's David Leeder writes in the Eye On Equities column that Mr. Young's share target soared $14 to $134. Analysts on average target the shares at $121.53. Mr. Young thinks Canadian bank stocks "performed well through 4Q FY24, driven by an improved economic outlook and a steady rotation back into the sector." The Globe says Mr. Young believes "there's more room to run" as earnings season in the sector rapidly approaches. Royal Bank continues to top Mr. Young's pecking order. Mr. Young says in a note: "In our view, FY24 wasn't so bad, with higher NIMs, stable loan growth, efficiency improvements and five of the six banks delivering PCLs in line with guidance. But the focus will be on the FY25 outlook, specifically around credit and when we might see peak PCLs. ... We expect strong performance from Canadian banking, capital markets and wealth management, with relatively mixed results in U.S. banking for those with exposure to this region." The Globe reported on Sept. 6 that Mr. Young continued to rate TD "hold." It was then worth $120.26.