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.
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Read More on RY:
- Royal Bank of Canada price target raised to C$181 from C$169 at National Bank
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