Royal Bank Of Canada Lowers Leon's Furniture Price Target

Leon's Furniture (TSE:LNF) had its price target reduced by analysts at Royal Bank Of Canada from C$33.00 to C$32.00 in a research note issued on Monday, according to BayStreet.CA.

The brokerage currently has an 'outperform' rating on the stock and estimates a potential upside of 35.54% from its previous close.

Other analysts have also commented on LNF, with National Bank Financial lowering their price target from C$35.00 to C$34.00 and setting an 'outperform' rating, while Stifel Nicolaus reduced their target price from C$27.00 to C$25.50 and set a 'hold' rating.

Overall, two analysts have rated the stock with a Buy rating and one has assigned a Hold rating, giving it an average rating of 'Moderate Buy' and an average target price of C$30.88.