UBS Analyst Upgrades RBC, Scotiabank, TD

The Globe and Mail, Angela Barnes, 16 May 2006UBS Securities Canada Inc. has upgraded its ratings on three of the big banks, increasing Royal Bank of Canada, Bank of Nova Scotia and Toronto-Dominion Bank to "buy" from "neutral." UBS left its "neutral" recommendations on Bank of Montreal, Canadian Imperial Bank of Commerce and National Bank of Canada unchanged.RBC "has finally pulled back ...