Desjardins Downgrades National Bank of Canada to Hold

The National Bank of Canada (TSE:NA) has seen its rating lowered to 'Hold' from 'Buy' by analysts at Desjardins, according to a research note issued on Wednesday.

Desjardins now has a C$238.00 target price on the financial services provider's stock, up from their prior target of C$217.00, indicating a potential upside of 5.25% from the company's previous close.

This downgrade is not an isolated incident, as other equities research analysts have also recently issued reports about the company.