The Globe and Mail reports in its Tuesday, April 1, edition that BofA Securities analyst Ebrahim Poonawala, pointing to a "sea change" in Bank of Nova Scotia's operating outlook given international trade tensions, downgraded its shares to "neutral" from "buy," seeing a "relatively narrow path" to outperformance given its "idiosyncratic risks," including Mexican and Latin American exposure, and emphasizing increased vulnerability due to rising trade tensions and difficult macroeconomic conditions. The Globe's David Leeder writes in the Eye On Equities column that Mr. Poonawala slashed his share target by $12 to $70. Analysts on average target the shares at $78.40. The Globe reported on Feb. 27 that RBC Dominion Securities analyst Darko Mihelic had reaffirmed his "sector perform" recommendation for Bank of Nova Scotia. The shares could then be had for $72.38. The Globe reported on March 6 that CIBC World Markets analyst Paul Holden continued to rate Scotiabank "neutral." The shares could then be had for $69.70.