Analysts Take Aim at Royal Bank of Canada Amid Revenue Growth

Financial services provider Royal Bank Of Canada (NYSE:RY) has received attention from multiple analysts in recent weeks. Keefe, Bruyette & Woods initiated coverage on the stock with a 'market perform' rating.

This is not the first time analysts have weighed in on RY. Earlier this month, Scotiabank reissued an 'outperform' rating, while Argus set a price target of $225.00. However, Raymond James Financial downgraded their rating from 'outperform' to 'market perform.'

The stock has seen some movement recently, with shares trading up 2.46 during mid-day on Friday. This follows a significant increase in revenue for the company in its latest quarter.