Profit margin improvements in TD’s U.S. operations have amplified investor interest, positively affecting the bank’s consolidated stock price outlook. According to Desjardins, the bank’s communication has improved significantly over the last half-year, which led to the upgrade. The positive outlook also reflects the firm’s focus on TD’s strong Canadian P&C banking segment and resilient deposit franchise. Toronto-Dominion Bank ( TSE:TD - Get Free Report ) NYSE: TD had its price target raised by analysts at Jefferies Financial Group from C$120.00 to C$124.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Jefferies Financial Group's price target indicates a potential upside of 11.30% from the stock's previous close. With TD’s strong Q2 earnings, the stock price has maintained upward momentum. Revenue from digital banking platforms continues to contribute to overall performance.