The Globe and Mail reports in its Thursday, Nov. 21, edition that National Bank Financial analyst Gabriel Dechaine has reaffirmed his "sector perform" recommendation for Toronto-Dominion Bank. The Globe's David Leeder writes that Mr. Dechaine gave his share target a $7 boost to $85. Analysts on average target the shares at $84.06. Mr. Dechaine says in a note: "TD's 2026 estimated EPS is of most interest to investors. Fiscal 2025 has been positioned as a transition year for the bank, as it repositions its U.S. balance sheet and invests heavily in AML remediation programs. As such, some investors believe 2026 represents a more reasonable period to assess the bank's 'new normal' growth rate, and a better measure for the stock's valuation. Our 5-per-cent 2026E EPS growth rate is underpinned by the following key assumptions; 1) another $500-million (U.S.) of AML remediation costs; 2) 2-per-cent growth of the U.S. balance sheet, as the bank's 10-per-cent asset reduction provides lending capacity for 'core' customers; 3) no outsized growth in the bank's other segments given challenges; and 4) no share buybacks, though such a scenario could be possible in 2026 if TD achieves a CET 1 ratio of close to 14 per cent."