Laurentian Bank price target lowered to C$42 from C$44 at Barclays

Barclays lowered the firm’s price target on Laurentian Bank to C$42 from C$44 and keeps an Equal Weight rating on the shares. The company posted a Q3 beat, highlighted by strong margins and better than expected credit losses, but a challenging macro environment tempers its outlook over the near term, the analyst tells investors in a research note.