The Globe and Mail reports in its Friday, Aug. 30, edition that Desjardins Securities analyst Doug Young continues to rate National Bank of Canada "hold." The Globe's David Leeder writes that Mr. Young boosted his share target by $9 to $127. Analysts on average target the shares at $123.85. The Globe says Mr. Young does not see any big issues stemming from "another solid quarter." Mr. Young says in a note: "Canadian P&C banking adjusted PTPP earnings were above our estimate (up 13 per cent year-over-year). It had stable performance at ABA and Credigy. ABA's gross impaired loan balance remains elevated, but management is comfortable with this book. ... Credigy remains an interesting story. Margins are stable and 94 per cent of the book is secured. Credit has been another area of stability. PCLs [provisions for credit losses] were in line with our estimate -- its Quebec focus helps. In retail, its true variable-rate mortgage portfolio experienced higher delinquencies, but mostly from insured clients. ... It had one larger impairment in capital markets (mining). While it still expects increases in delinquencies going forward, there was no change to its impaired PCL rate guidance of 15 to 25 basis points for FY24."