Barclays Maintains Underweight on Royal Bank of Canada, Raises Price Target to $126
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$124 to C$126.

August 25, 2023 | 12:20 pm
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NEUTRAL IMPACT
Barclays has maintained an Underweight rating on Royal Bank of Canada and raised the price target to C$126.
The news is directly about Royal Bank of Canada (RY). Barclays' decision to maintain an Underweight rating suggests they believe the stock is overvalued or will underperform, which could negatively impact the stock. However, the raised price target may indicate an expected increase in the stock's value, which could have a positive effect. The net impact is uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100