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Royal Bank of Canada Price Target Hiked by Raymond James Financial

Guavy AI Editorial Team
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Raymond James Financial raised its price target for Royal Bank of Canada (TSE:RY) from C$270.50 to C$306.00 in a report released on Wednesday.

The brokerage now has a 'market perform' rating on the financial services provider's stock, indicating a potential upside of 3.07% from the current price.

This is not the first time Royal Bank of Canada's target price has been raised this year; in May, Barclays increased its target to C$260.00, while in July, Canaccord Genuity Group boosted its price target to C$310.00.

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