The Latest Breaking News from RBC Capital

Wells Fargo analyst Chris Carey raised the price target on Kimberly Clark Corp (NYSE:KMB) to $135 from $128 and kept an Equal Weight rating on the shares. The revised price target implies a 5% downside. Chris believes Kimberly-Clark's Q1 results helped overcome the belief that costs would drive earnings cuts. Deutsche Bank analyst Steve Powers raised…

Shopify Inc (NYSE:SHOP) (TSX:SHOP) price target has been lowered to $1000 (an upside of 116%) from $1300 by RBC Capital analyst Paul Treiber. The analyst maintained the Outperform rating on the shares. The analyst states that the proposed changes to Shopify’s share structure may be contentious. Treiber adds that while some terms in the proposal…

PrairieSky Royalty Ltd (TSX: PSK) (OTC: PREKF) price target has been raised to C$22 from C$21 by RBC Capital analyst Luke Davis.

RBC Capital analyst Alexander Jackson raised the price target on Solaris Resources Inc (TSX:SLS) (OTC:SLSSF) to C$20 from C$18 while maintaining the Outperform rating on the shares. Solaris' Warintza Project remains one of the analyst's favorite undeveloped copper projects, and the mineral resource update confirmed the meaningful scale and above-average grades at Central, which, in…

RBC Capital analyst Douglas Miehm raised the price target for Dialogue Health Technologies Inc (TSX: CARE) to C$10 from C$9 with the Sector Perform rating on the shares.

RBC Capital analyst Alexander Jackson raised the price target for Russel Metals Inc (TSX:RUS) (OTC:RUSMF) to C$41 from C$40 to incorporate higher near-term steel prices. The analyst maintained the Outperform rating on the shares. Jackson believes Russel will report a strong quarter that, excluding 2021, ranks as one of the company's best in terms of…

Ensign Energy Services Inc (TSX:ESI) (OTC:ESVIF) has been upgraded to Outperform from Sector Perform, with the price target raised to C$6 from C$3.35 by RBC Capital analyst Keith Mackey. The analyst believes the risk/reward equation has moved in the company's favor as global rig counts increase and North American rig utilization tightens.  Mackey says…

Stelco Holdings Inc (TSX:STLC) (OTC:STZHF) price target has been raised to C$61 from C$60, by RBC Capital analyst Alexander Jackson. The analysts maintained the Sector Perform rating on the shares. The analyst expects a solid quarter for Stelco, albeit down compared to Q4, on lower steel prices and sales volumes. Jackson adds that HRC (hot-rolled…

RBC Capital has decided to maintain its Outperform rating of Albertsons Companies (NYSE:ACI) and raise its price target from $33.00 to $37.00. Shares of Albertsons Companies are trading up 4.41% over the last 24 hours, at $33.38 per share.