RBC Capital Downgrades Laurentian Bank of Canada to Underperform, Lowers Price Target to C$33
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has downgraded Laurentian Bank of Canada from Sector Perform to Underperform and lowered the price target from C$39 to C$33.
September 15, 2023 | 12:59 pm
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Laurentian Bank of Canada has been downgraded to Underperform by RBC Capital, with a lowered price target of C$33.
The downgrade from RBC Capital is a negative signal for Laurentian Bank of Canada. The lowered price target suggests that the analyst believes the bank's stock is overvalued at current levels, which could lead to a decrease in the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100