Credit Suisse Maintains Outperform on Royal Bank of Canada, Lowers Price Target to C$141
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Amanda Abraham maintains an Outperform rating on Royal Bank of Canada (TSX:RY) but lowers the price target from C$149 to C$141.
May 26, 2023 | 11:17 am
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Credit Suisse maintains Outperform rating on Royal Bank of Canada (TSX:RY) and lowers price target from C$149 to C$141.
The news directly mentions Royal Bank of Canada (TSX:RY) and the lowered price target by Credit Suisse. While the Outperform rating is maintained, the lowered price target may have a neutral impact on the stock price in the short term as it indicates a reduced growth potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100