CIBC Lowers Royal Bank of Canada Target Price to $215.66

CIBC analyst Paul Holden has maintained his hold rating for Royal Bank of Canada (RY.US), but has reduced its target price from $224.77 to $215.66.

This adjustment reflects a decrease in the estimated value of the bank's shares, according to CIBC's analysis.

Prior to this change, Holden had recommended investors hold onto their Royal Bank of Canada shares, citing his success rate of 65.6% and average return of 11.8% over the past year, as reported by TipRanks.