Barclays Maintains Underweight on Royal Bank of Canada, Raises Price Target to $124
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst John Aiken has maintained an Underweight rating on Royal Bank of Canada (NYSE:RY) and raised the price target from C$122 to C$124.
August 21, 2023 | 10:37 am
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Barclays has maintained an Underweight rating on Royal Bank of Canada and raised the price target, which could potentially impact the stock's performance.
The news is directly related to Royal Bank of Canada (RY). Barclays' decision to maintain an Underweight rating indicates a bearish outlook, but the raised price target could suggest some potential upside. The impact on the stock's performance will depend on how investors interpret these mixed signals.
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