UBS Reiterates Its 'Buy' Rating on Scotiabank

UBS maintains its 'buy' rating on Bank of Nova Scotia, with a target price of $63.00, based on 13.5x forward earnings, a slight premium to the outlook for the banking group.The research report noted that due to a broad range of moving parts, there is low visibility into the bank�s near-term international operations; Scotiabank is carrying on the integration of recent acquisitions, which is likely