Barclays Raises RBC Price Target to $300

Barclays has raised its price target for Royal Bank of Canada (RBC) to C$300 from C$260.

The new target is based on backtested results, which are not an indicator of future actual results. Backtested performance reflects the performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.

The bank's price target is higher than its current stock price, suggesting potential upside for investors.