UBS raised the firm’s price target on Royal Bank of Canada (RY) to C$238 from C$225 and keeps a Buy rating on the shares. Royal Bank of Canada’s robust ROE prospects, driven by higher net interest margin, loan growth, and efficiency gains, support the firm’s updated price target the analyst tells investors in a research note.
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Read More on RY:
- Royal Bank of Canada downgraded to Hold from Buy at Jefferies
- Royal Bank of Canada initiated with an Outperform at Raymond James
- 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
