Keefe Bruyette reinstated coverage of The Bank of Nova Scotia on August 21, 2026. The firm issued an Outperform rating with a price target of C$148. Analysts cited the bank's strong domestic presence and its strategic expansion into the U.S. market as primary drivers.
Barclays analyst Brian Morton raised the price target on Scotiabank to C$130 from C$110. The firm maintained an Equal Weight rating on the stock. This adjustment follows a broader preview of the Canadian banking sector's fiscal Q3 earnings. Barclays expects relatively stable performance across the sector for the upcoming quarter.