B of A Securities Upgrades Royal Bank of Canada to Buy
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has upgraded Royal Bank of Canada (NYSE:RY) from Neutral to Buy, indicating a positive outlook on the bank's stock.
December 18, 2023 | 12:11 pm
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POSITIVE IMPACT
Royal Bank of Canada has been upgraded by B of A Securities from Neutral to Buy, suggesting increased confidence in the bank's future performance.
Analyst upgrades typically lead to a positive short term impact on a stock's price as they reflect a positive change in the analyst's view of the company's future performance and often lead to increased investor interest.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100