RBC Capital Downgrades Laurentian Bank of Canada to Sector Perform, Lowers Price Target to C$39
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Darko Mihelic has downgraded Laurentian Bank of Canada from Outperform to Sector Perform and lowered the price target from C$55 to C$39.
September 01, 2023 | 1:37 pm
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Laurentian Bank of Canada has been downgraded by RBC Capital from Outperform to Sector Perform, with a reduced price target of C$39.
The downgrade from Outperform to Sector Perform indicates that RBC Capital expects Laurentian Bank's performance to be average compared to other sectors. The lowered price target from C$55 to C$39 suggests that they expect the stock's future price to be lower than previously anticipated. This could negatively impact the stock's short-term price.
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RELEVANCE 100