Raymond James initiated coverage of Royal Bank of Canada (RY) with an Outperform rating and C$229 price target The firm is positive on RBC for its “leading ROE, unmatched scale, and strong management,” says the analyst, who also sees the bank’s diversified business mix and lower lending exposure leaving it less vulnerable than peers to any deterioration in the credit cycle.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
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$221 from C$203 at Barclays
- Royal Bank of Canada price target raised to C$224 from C$219 at Canaccord
- Royal Bank of Canada, DoorDash extend long-standing program
- RBC upgraded to Outperform from Sector Perform at National Bank
- Royal Bank of Canada Issues $2.25 Billion in Senior Global Medium-Term Notes