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AGF Management Ltd. (TSE: AGF.B) saw its price target revised upward by Scotiabank from CAD 11.50 to CAD 14.00 in a research note issued Monday, according to reporting from BayStreet.ca. Despite the price target increase, Scotiabank reaffirmed a “Sector Perform” rating, reflecting a neutral stance relative to the broader sector.
The new price target suggests a potential upside of 9.2% from AGF Management’s current market price. The update follows a string of target revisions from other brokerages in recent weeks, reflecting differing views on the stock’s valuation and near-term prospects.
On June 17, Desjardins raised its target on AGF shares to CAD 14.00 from CAD 12.50, issuing a “Buy” rating. Shortly after, TD Securities increased its price estimate from CAD 13.00 to CAD 15.00, also with a “Buy” recommendation. Conversely, Jefferies Financial Group lowered its target from CAD 12.00 to CAD 11.00 in a note dated April 21, signaling a more cautious outlook.
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