Barclays upgraded Royal Bank of Canada (RY) to Overweight from Equal Weight with a price target of C$180, up from C$150. The firm says Canadian bank earnings in Q4 should see seasonal headwinds, and the impact from lower rates though asset management should help fee revenue. It is changing ratings in the group ahead of the earnings reports. The analyst also looks for the banks’ initial takes on 2025.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RY:
- Royal Bank of Canada price target raised to C$181 from C$169 at National Bank
- TD downgrades Royal Bank of Canada to Hold on valuation
- Royal Bank of Canada downgraded to Hold from Buy at TD Securities
- RBC Royal Bank cuts prime rate to 5.95% from 6.45%
- Royal Bank of Canada Launches Major Debt Securities