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The Latest Breaking News from RBC Capital

Benzinga's Top Ratings Upgrades, Downgrades For June 1, 2022

Upgrades

Benzinga

VMware Whale Trades For May 27

Someone with a lot of money to spend has taken a bearish stance on VMware (NYSE:VMW). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

RBC Capital Cuts EverGen Infrastructure Price Target By 16%

EverGen Infrastructure Corp (TSXV: EVGN) price target has been lowered to C$5 from C$6 by RBC Capital analyst Nelson Ng. The analyst maintained the Outperform rating on the shares. The analyst states that EverGen has a number of near-term opportunities across Canada to grow its RNG production capacity significantly.

Benzinga

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RBC Capital Raises Price Target For Its Favorite "Risk On" Bank Stock

RBC Capital analyst Darko Mihelic raised the price target for Bank of Nova Scotia (TSX: BNS) (NYSE: BNS) to C$94 from C$93. The analyst maintained the Outperform rating on the shares.

Benzinga

Read How Analysts Reacted To DXC's Q4 Results

Analysts cut their price targets on DXC Technology Co (NYSE:DXC) post Q4 earnings miss. RBC Capital analyst Daniel Perlin reiterated DXC with an Outperform and lowered the price target from $47 to $39 (17.9% upside). While Q4/22 results were lower than expected and FY23 guidance is light, Perlin believes DXC is generally progressing toward a more…

Benzinga

RBC Capital Sees Sharp Upside In This Work Marketplace

RBC Capital analyst Brad Erickson initiated Upwork Inc (NASDAQ:UPWK) with a Sector Perform rating, and a price target of $21, implying an upside of 17%. The analyst initiated UPWK at Sector Perform, reflecting on balanced views of a large TAM and comprehensive services portfolio offset by rising customer acquisition cost, competitive intensity, and likely…

Benzinga

This Is What Whales Are Betting On Cloudflare

Someone with a lot of money to spend has taken a bullish stance on Cloudflare (NYSE:NET). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

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RBC Capital Says VSE Lacks Near-Term Catalysts - Read Why

RBC Capital analyst Ken Herbert downgraded VSE Corp (NASDAQ:VSEC) to Sector Perform from Outperform on lack of near-term catalysts and strategic uncertainty. The analyst also lowered the price target for VSEC to $48 (an upside of 27%) from $65. Herbert believes that the aviation business will drive sentiment, and he likes the company's opportunities in…

Benzinga

RBC Capital Sees Sharp Upside In This Direct Beneficiary Of Russia's Invasion Of Ukraine

AeroVironment, Inc. (NASDAQ:AVAV) has been upgraded to Outperform from Sector Perform, and the price target was raised to $100 (an upside of 17%) from $95 by RBC Capital analyst Ken Herbert. The stock is up 44 % since the commencement of the Ukrainian war (compared to the small-cap defence sector's average growth of 15.3%);…

Benzinga

RBC Capital Cuts Price Target On This REIT By 4%

RBC Capital analyst Jimmy Shan has reduced the Canadian Apartment Properties REIT (TSX:CAR) (OTC:CDPYF) price target to C$66 from C$69. The analyst maintained the Outperform rating on the shares. Shan remarked that 1Q22 reflected a difficult winter but an increasing revenue forecast, which the second half should better reflect. Given the current valuation, NCIB…

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For May 18, 2022

Benzinga

What Are Whales Doing With Palantir Technologies

Someone with a lot of money to spend has taken a bearish stance on Palantir Technologies (NYSE:PLTR). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Vale Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bullish stance on Vale. Looking at options history for Vale (NYSE:VALE) we detected 11 strange trades.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For May 16, 2022

Upgrades

Benzinga

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Benzinga

RBC Capital Slashes Cascades Price Target By 12%

Cascades Inc. (TSX:CAS) (OTC:CADNF) price target has been lowered to C$15 from C$17 by RBC Capital analyst Paul C. Quinn after the Q1 results. The analyst maintained the Outperform rating on the shares. Quinn mentions that the company reported 1Q22 Adjusted EBITDA of $58 million, which was well below their $89 million forecast and consensus…

Benzinga

RBC Capital Cuts Softchoice Price Target By 15%

RBC Capital analyst Paul Treiber lowered the price target for Softchoice Corp (TSX:SFTC) (OTC:SFTFC) to C$23 from C$27 while maintaining the Sector Perform rating on the shares, given reduced peer valuations. The analyst states that Softchoice reported Q1 below consensus/RBC, as certain onetime headwinds weighed on profitability and growth. Positively, Software & Cloud revenue was…

Benzinga

Ahead Of Upcoming Data On Three Programs, Analysts Remain On Sidelines For Wave Life Sciences

RBC Capital writes that Wave Life Sciences Ltd's (NASDAQ: WVE) Q1 earnings are largely incremental.

Benzinga

RBC Capital Cuts iA Financial Price Target By ~10%

iA Financial Corporation Inc (TSX:IAG) (OTC:IAFNF) price target has been reduced to C$86 from C$96 by RBC Capital analyst Darko Mihelic to account for higher risk in the current environment. The analyst maintained the Outperform rating on the shares. Mihelic mentioned that analysts have significantly reduced the 2022 core EPS estimate following the quarter, but…

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Benzinga

What's Going On With CCL Industries Shares Today

RBC Capital analyst Walter Spracklin lowered the price target for CCL Industries Inc (TSX:CCL) (OTC:CCDBF) to C$74 from C$80. The analyst maintained the Outperform rating on the shares. Spracklin states that 1Q22 results came in above expectations and (in contrast with last quarter) there was no cautionary language around near term trends. The company indicated…

Benzinga

Why Boat Rocker Media Shares Are Trading Higher Today

Boat Rocker Media Inc (TSX: BRMI) price target has been lowered to C$9 from C$10 by RBC Capital analyst Drew McReynolds while maintaining the Outperform rating in the shares. 1Q22 results were below the analyst firm's forecast attributed entirely to timing given the inherent quarterly volatility of the business.

Benzinga

RBC Capital Cuts Stella-Jones Price Target By 7%

Stella-Jones Inc (TSX:SJ) (OTC:STLJF) price target has been lowered to C$40 from C$43 by RBC Capital analyst Walter Spracklin. The analyst maintained the Sector Perform rating on the shares. Spracklin stated that SJ started the year strong, with Q1 results ahead of expectations and a better than expected top-line across all segments. However, the company…

Benzinga

RBC Capital Cuts Equitable Group Price Target By ~6%

RBC Capital analyst Geoffrey Kwan lowered the price target for Equitable Group Inc. (TSX: EQB) (OTC: EQGPF) to C$80 from C$85. The analyst maintained the Outperform rating on the shares.

Benzinga

RBC Capital Maintains Sector Perform Rating for Fiverr International: Here's What You Need To Know

RBC Capital has decided to maintain its Sector Perform rating of Fiverr International (NYSE:FVRR) and lower its price target from $80.00 to $32.00. Shares of Fiverr International are trading up 11.48% over the last 24 hours, at $33.88 per share.

Benzinga

RBC Capital Cuts Hudbay Minerals Price Target By 14%

RBC Capital analyst Sam Crittenden lowered the price target for HudBay Minerals Inc (TSX:HBM) (NYSE:HBM) to C$12 from C$14. The analyst maintained the Outperform rating on the shares. Crittenden stated that, despite what should be the year's weakest quarter, he continues to expect strong FCF and production growth from Hudbay in 2022. The analyst believes…

Benzinga

What's Going On With Keyera Shares Today

Keyera Corp (TSX:KEY) (OTC:KEYUF) price target was raised to C$37 from C$35 by RBC Capital analyst Robert Kwan. The risk-adjusted expected total return to price target supports Outperform rating for the shares. With the recent Investor Day in March, the analyst viewed most of the quarterly updates as incremental, although noted the increase in guidance…

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