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Exterior of the Royal Bank Plaza towers at the corner of Bay St. and Wellington St. West in Toronto on April 17, 2014.
Exterior of the Royal Bank Plaza towers at the corner of Bay St. and Wellington St. West in Toronto on April 17, 2014.
(Fred Lum/The Globe and Mail)

Monday's analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actions. This file will be updated during the trading day.

BMO Nesbitt Burns analyst Sohrab Movahedi has issued a fresh, bullish outlook for the Canadian banking sector that suggests there's more upside yet to come for investors even after the impressive gains of the past year.