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Bank of America raised Royal Bank of Canada’s price target but kept its rating at "Hold."
Bank of America raised Royal Bank of Canada's (TSE:RY) price target to C$227.00 from C$214.00, maintaining a Hold rating.
The bank's stock has a consensus "Moderate Buy" rating and an average price target of C$206.00.
Royal Bank of Canada, one of Canada's largest banks, offers various financial services, including personal and commercial banking, wealth management, insurance, and capital markets services.
Insiders sold 42,026 shares recently, and the bank recently raised its quarterly dividend to C$1.54 per share.
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Bank of America elevó el precio objetivo de Royal Bank of Canada, pero mantuvo su calificación en "Hold".