The Globe and Mail reports in its Thursday, Feb. 6, edition that Desjardins Securities analyst Doug Young has reaffirmed his "hold" recommendation and $140 share target for National Bank of Canada. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $141.62. Mr. Young expects Canadian banks to "come through these turbulent times, but it could be a bumpy ride over the next little while." Ahead of the start of first quarter 2025 earnings season later this month, he warns new obstacles continue to cycle through the sector. Mr. Young says in a note: "On one side, several uncertainties have abated -- the U.S. election is settled, and the path of rate cuts has become clearer. However, tariffs from the new U.S. administration are now a reality and add risks to Canada's economic outlook; the upcoming Canadian elections add further uncertainties. ... On a PTPP earnings basis, we expect solid contribution from Canadian banking, capital markets and wealth management, while U.S. banking activity is expected to be muted. We expect positive trends in NIMs and loan growth, partially offset by higher efficiency ratios."