BofA analyst Ebrahim Poonawala raised the firm’s price target on Royal Bank of Canada (RY) to C$227 from C$214 and keeps a Buy rating on the shares. The firm believes “strong” Q3 results, combined with “relatively upbeat” messaging on growth and profitability during the earnings call, should drive a rotation into the stock, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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: Strong Financial Performance and Strategic Positioning Justify Buy Rating
- Royal Bank of Canada: Strong Financial Performance and Strategic Growth Justify Buy Rating
- Royal Bank of Canada price target raised to C$203 from C$190 at Barclays
- Royal Bank of Canada Reports Record Q3 2025 Earnings
- Royal Bank of Canada: Strong Financial Performance and Growth Potential Justify Buy Rating