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Downgrade Alert for Toronto-Dominion Bank (TD)

By James Quinn

Toronto-Dominion Bank (NYSE:TD) was downgraded from Buy to Hold at Canaccord Genuity today. The stock closed yesterday at $44.49 on volume of 1.4 million shares, below average daily volume of 1.7 million.

Toronto-Dominion Bank (NYSE:TD) is currently priced 2.3% above its average consensus analyst price target of $43.47. Toronto-Dominion Bank shares have support at the 50-day moving average (MA) of $42.34 and additional support at the 200-day MA of $40.00.

In the past 52 weeks, Toronto-Dominion Bank share prices have been bracketed by a low of $33.49 and a high of $46.54 and closed yesterday at $44.49, 33% above that low price. The 200-day and 50-day moving averages have moved 0.15% higher and 1.12% higher over the past week, respectively.

The Toronto-Dominion Bank conducts a general banking business through banking branches and offices located throughout Canada and overseas. The Bank and other subsidiaries offer a broad range of banking, advisory services, and discount brokerage to individuals, businesses, financial institutions, governments, and multinational corporations.

SmarTrend is tracking the current trend status for Toronto-Dominion Bank and will alert subscribers who have TD in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades toronto-dominion bank

Ticker(s): TD