The Globe and Mail reports in its Thursday, Feb. 27, edition that RBC Dominion Securities analyst Darko Mihelic has reaffirmed his "sector perform" recommendation for Bank of Nova Scotia. The Globe's David Leeder writes in the Eye On Equities column that Mr. Mihelic gave his share target a $2 trim to $81. Analysts on average target the shares at $79.44. Mr. Mihelic says in a note: "Scotiabank had stronger than expected results reflecting strength in revenues and performing PCLs versus our estimates. The large performing PCL build due to tariff risk did not happen this quarter as we expected, and we now expect this to occur in Q2/25. We also expect to see an increase in impaired PCLs through 2025 and we raise our impaired PCL ratio assumptions in both retail segments. We expect capital markets strength to recede somewhat and we assume lower loan growth (in Canada and IB). ... We expected banks would try to 'get ahead' of potential credit losses that may arise from the impact of tariffs by at least recognizing significant uncertainty in the environment and using a management overlay to record higher stage 2 PCLs. Scotiabank did not take this option in Q1/25, and we therefore expect this may be accomplished in Q2/25."