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 05, 2023 | 12:09 pm
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NEGATIVE IMPACT
Laurentian Bank of Canada has been downgraded by RBC Capital from Outperform to Sector Perform, with a lowered price target from C$55 to C$39.
The downgrade from Outperform to Sector Perform indicates that RBC Capital expects Laurentian Bank's performance to be average compared to other companies in the sector. The lowered price target from C$55 to C$39 suggests that RBC Capital expects the stock price to decrease in the short term. This news is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100