National Bank analyst Gabriel Dechaine downgraded Laurentian Bank to Underperform from Sector Perform with a price target of C$27, down from C$32. The analyst says operational and leadership issues heighten the bank’s credit downgrade risk.
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Read More on LRCDF:
- Laurentian Bank price target lowered to C$36 from C$45 at TD Securities
- Laurentian Bank price target lowered to C$32 from C$39 at Credit Suisse
- Laurentian Bank price target lowered to C$32 from C$42 at Barclays
- Laurentian Bank downgraded to Market Perform from Buy at Cormark
- Laurentian Bank downgraded to Neutral from Outperformer at CIBC
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