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Thursday's analyst upgrades and downgrades Add to ...

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Inside the Market’s roundup of some of today’s key analyst actions

Despite softer-than-anticipated fourth-quarter results from its capital markets segment, BMO Nesbitt Burns analyst Sohrab Movahedi raised his target price for stock of Royal Bank of Canada (RY-T, RY-N).

On Wednesday, the bank reported a $2.54-billion profit, a drop of 2 per cent from the same period in 2015. Adjusted to exclude one-time items, RBC earned $1.69 per share, missing the Street’s projection by 3 cents.

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