The Latest Breaking News from RBC Capital

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%);…

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…

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…

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…

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

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…

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…

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.

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…