BMO Capital Maintains Outperform on Royal Bank of Canada, Raises Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
BMO Capital has maintained its 'Outperform' rating on Royal Bank of Canada and increased the price target from $151 to $165, indicating a positive outlook for the bank.
August 29, 2024 | 2:43 pm
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BMO Capital has maintained its 'Outperform' rating on Royal Bank of Canada and increased the price target from $151 to $165, suggesting a positive short-term outlook for the stock.
The increase in price target from $151 to $165 by BMO Capital suggests confidence in Royal Bank of Canada's future performance. The 'Outperform' rating indicates that the stock is expected to perform better than the market average, which is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100