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The Latest Breaking News from RBC Capital

RBC Capital Bumps Up George Weston Price Target By ~8%

RBC Capital analyst Irene Nattel raised the price target for George Weston Ltd (TSX:WN) (OTC:WNGRF) to C$179 from C$165 with an Outperform rating on the shares. The analyst updated the model and valuation to reflect the actual Q1 share buyback at George Weston along with Q1 results. Nattel says that the constructive outlook on George Weston…

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RBC Capital Boosts Ensign Energy Services Price Target By 8%

Ensign Energy Services Inc (TSX:ESI) (OTC:ESVIF) price target has been raised to C$6.50 from C$6 by RBC Capital analyst Keith Mackey. The analyst maintained the Outperform, Speculative Risk rating on the shares. Mackey stated that Ensign's 1Q22 results were in line with estimates, and the company modestly improved its financial liquidity through the disposition of…

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.

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RBC Capital Maintains Outperform Rating for ADC Therapeutics: Here's What You Need To Know

RBC Capital has decided to maintain its Outperform rating of ADC Therapeutics (NYSE:ADCT) and lower its price target from $34.00 to $30.00. Shares of ADC Therapeutics are trading down 1.34% over the last 24 hours, at $7.71 per share.

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Benzinga's Top Ratings Upgrades, Downgrades For May 10, 2022

Upgrades

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RBC Capital Slashes IGM Financial Price Target By 11%

RBC Capital analyst Geoffrey Kwan lowered the price target for IGM Financial Inc. (TSX:IGM) (OTC:IGIFF) to C$47 from C$53 while maintaining the Sector Perform rating on the shares. Kwan notes the reduced target reflects lower financial forecasts given the significant decline in equity markets since the last report. Kwan believes IGM is delivering the best…

Benzinga

What's Going On With Chorus Aviation Shares Today

Chorus Aviation Inc (TSX:CHR) (OTC:CHRRF) price target was raised to C$5 from C$4.75 by RBC Capital analyst Walter Spracklin. The analyst maintained the Outperform rating on the shares. Spracklin says, while Q1 was mixed, management provided solid new guidance on the back of the Falko acquisition. The analyst adds that the acquisition created the "world's…

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Benzinga's Top Ratings Upgrades, Downgrades For May 6, 2022

Upgrades For Coupang Inc (NYSE:CPNG), JP Morgan upgraded the previous rating of Neutral to Overweight. The stock has a 52-week-high of $46.00 and a 52-week-low of $11.91. At the end of the last trading period, Coupang closed at $11.99.

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Why Topaz Energy Shares Are Rising Today

RBC Capital analyst Luke Davis raised the price target of Topaz Energy Corp (TSX:TPZ) (OTC:TPZEF) to C$28 from C$27.50 while maintaining the Outperform rating on the shares. The analyst states that Topaz posted solid Q1/22 results underscored by meaningful free cash generation alongside increased guidance following the Keystone Royalty acquisition. Davis mentions that the management…

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What's Going On With Gibson Energy Shares Today

RBC Capital analyst Robert Kwan raised the price target for Gibson Energy Inc. (TSX:GEI) (OTC:GBNXF) to C$28 from C$27 with an Outperform rating on the shares. Kwan stated that Gibson Energy's shares continue to offer an attractive dividend yield (almost 6%) that is conservatively underpinned by cash flow (68% trailing DCF payout ratio), with confirmed…

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Why MEG Energy Shares Are Trading Higher Today

MEG Energy Corp (TSX:MEG) (OTC:MEGEF) price target has been raised to C$22 from C$21 by RBC Capital analyst Greg Pardy. The analyst maintained his Outperform rating on the shares. The analyst stated that the bullish stance towards MEG Energy reflects its capable leadership team, top-quartile oil sands operations at Christina Lake, balance sheet deleveraging, and…

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What's Going On With Athabasca Oil Shares Today

RBC Capital analyst Luke Davis raised the price target for Athabasca Oil Corp (TSX:ATH) (OTC:ATHOF) to C$3.25 from C$2.50 while maintaining the Sector Performs rating on the shares. The analyst removed the Speculative Risk qualifier. The analyst states that Athabasca’s positioning continues to improve, with steady operational performance setting the stage for a strategic shift…

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10 Biggest Price Target Changes For Wednesday

RBC Capital boosted Atkore Inc. (NYSE: ATKR) price target from $123 to $170. Atkore shares rose 0.2% to $109.00 in pre-market trading.

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Teladoc Health Whale Trades For May 03

Someone with a lot of money to spend has taken a bearish stance on Teladoc Health (NYSE:TDOC). 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.

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What's Going On With Baytex Energy Shares Today

RBC Capital analyst Greg Pardy raised the price target for Baytex Energy Corp (TSX:BTE) (OTC:BTEGF) to C$7 from C$6 while maintaining the Sector Perform rating on the shares. Pardy notes Baytex is off to a nice start in 2022 amid ongoing debt reduction and impressive drilling results in its emerging Clearwater oil play. The analyst…

Benzinga

What's Going On With Pason Systems Shares Today

Pason Systems Inc. (TSX:PSI) (OTC:PSYTF) price target has been raised to C$23 from C$22 by RBC Capital analyst Keith Mackey while maintaining the Outperform rating on the shares. The analyst mentioned that Pason reported strong 1Q22 results, highlighting growth in revenue per industry day and EBITDA margins. Mackey stated that global drilling activity remains strong,…

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What's Going On With Fairfax Financial Shares Today

RBC Capital analyst Mark A. Dwelle raised the price target for Fairfax Financial Holdings (TSX:FFH) (OTC:FRFHF) to $750 from $675. The analyst kept Outperform rating for the shares. Dwelle stated that the hard market is still driving strong top-line growth and improved underwriting margins, and management did a great job of protecting book value as…

Benzinga

RBC Capital Maintains Outperform Rating for Olin: Here's What You Need To Know

RBC Capital has decided to maintain its Outperform rating of Olin (NYSE:OLN) and raise its price target from $76.00 to $83.00. Shares of Olin are trading up 2.53% over the last 24 hours, at $58.85 per share. A move to $83.00 would account for a 41.04% increase from the current…

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Benzinga

RBC Capital, BMO Boost Toromont Industries Price Target

Toromont Industries Ltd (TSX:TIH) (OTC:TMTNF) price target has been raised to C$130 from C$126 by BMO Capital analyst Devin Dodge with an Outperform rating for the shares. Dodge stated that the demand backdrop remains very favorable for Toromont, and they expect activity levels in TIH's territories to gain momentum through 2022. Supply chain challenges tempers…

Benzinga

Analysts Slash Price Target On This Pizza Restaurant Chain

Analysts reduced their price target on Domino's Pizza Inc (NYSE:DPZ) after its Q1 earnings miss. RBC Capital analyst Christopher Carril lowered the price target to $440 from $480 (29% upside). Carril maintained an Outperform rating on the shares. The analyst specified that the delivery staffing challenges are the primary driver of weakness. Wedbush analyst Nick Setyan maintained…

Benzinga

RBC Capital Bumps Up Atco' Price Target By 4%

RBC Capital analyst Maurice Choy raised the price target for Atco Ltd (TSX: ACO.X) (OTC: ACLLF) to C$49 from C$47 with a Sector Perform rating on the shares.

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RBC Capital Bumps Up Price Target For Vermilion Energy, Leucrotta Exploration

Vermilion Energy Inc (TSX: VET) (NYSE: VET) price target has been raised to C$28 from C$26 by RBC Capital analyst Greg Pardy.

Benzinga

RBC Capital Maintains Outperform Rating for Hershey: Here's What You Need To Know

RBC Capital has decided to maintain its Outperform rating of Hershey (NYSE:HSY) and raise its price target from $214.00 to $237.00. Shares of Hershey are trading down 0.37% over the last 24 hours, at $227.14 per share. A move to $237.00 would account for a 4.34% increase from the current…

Benzinga

This Is What Whales Are Betting On ServiceNow

Someone with a lot of money to spend has taken a bearish stance on ServiceNow (NYSE:NOW). 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 Maintains Outperform Rating for TE Connectivity: Here's What You Need To Know

RBC Capital has decided to maintain its Outperform rating of TE Connectivity (NYSE:TEL) and raise its price target from $153.00 to $158.00. Shares of TE Connectivity are trading down 0.2% over the last 24 hours, at $124.93 per share.

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