Royal Bank of Canada Stock Recommendations and Price Targets

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of wealth, investment, trust, banking, credit, and other advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients; asset management products to institutional and individual clients; and asset and investor services to financial institutions, asset managers, and asset owners. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, property and casualty, and reinsurance advice and solutions; and business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital platforms; and independent brokers and partners. The company's Capital Markets segment offers advisory and origination, sales and trading, lending and financing, and transaction banking services to corporations, institutional clients, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.

This is a list of recent ratings by Royal Bank of Canada.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
4/17/2025	KEY KeyCorp	Reiterated Rating	$14.00		Outperform ➝ Outperform	Low
4/17/2025	VALE Vale	Reiterated Rating	$9.00	$12.00 ➝ $11.00	Outperform ➝ Sector Perform	Low
4/17/2025	SHOP Shopify	Lower Price Target	$84.00	$145.00 ➝ $125.00	Outperform ➝ Outperform	Low
4/17/2025	USB U.S. Bancorp	Lower Price Target	$38.00	$57.00 ➝ $50.00	Outperform ➝ Outperform	Low
4/17/2025	FHN First Horizon	Lower Price Target	$17.00	$24.00 ➝ $22.00	Outperform ➝ Outperform	Medium
4/17/2025	CFG Citizens Financial Group	Lower Price Target	$35.00	$50.00 ➝ $44.00	Outperform ➝ Outperform	Low
4/17/2025	CSX CSX	Lower Price Target	$28.00	$31.00 ➝ $30.00	Sector Perform ➝ Sector Perform	Low
4/17/2025	ABT Abbott Laboratories	Boost Price Target	$131.00	$140.00 ➝ $145.00	Outperform ➝ Outperform	Low
4/17/2025	ROL Rollins	Boost Price Target	$56.00	$52.00 ➝ $62.00	Outperform ➝ Outperform	Low
4/17/2025	KMB Kimberly-Clark	Reiterated Rating	$143.00	$165.00 ➝ $165.00	Outperform ➝ Outperform	Low
4/17/2025	CSGP CoStar Group	Reiterated Rating	$80.00	$83.00 ➝ $83.00	Sector Perform ➝ Sector Perform	Low
4/17/2025	CFW Calfrac Well Services	Lower Price Target	C$3.00	C$4.50 ➝ C$3.75	Sector Perform	N/A
4/17/2025	CJ Cardinal Energy	Upgrade	C$6.00	C$7.00 ➝ C$7.50	Sector Perform ➝ Outperform	N/A
4/17/2025	CEU CES Energy Solutions	Lower Price Target	C$6.00	C$11.00 ➝ C$10.00	Outperform	N/A
4/17/2025	EFXT Enerflex	Lower Price Target	$7.00	$14.00 ➝ $12.00	Outperform	Medium
4/17/2025	ESI Ensign Energy Services	Lower Price Target	C$2.00	C$3.50 ➝ C$2.50	Outperform	N/A
4/17/2025	OBE Obsidian Energy	Downgrade	C$7.00	C$12.00 ➝ C$10.00	Outperform ➝ Sector Perform	N/A
4/17/2025	PSI Pason Systems	Lower Price Target	C$11.00	C$18.00 ➝ C$16.00	Outperform	N/A
4/17/2025	PD Precision Drilling	Lower Price Target	C$60.00	C$110.00 ➝ C$89.00	Outperform	N/A
4/17/2025	STEP STEP Energy Services	Lower Price Target	C$4.00	C$5.00 ➝ C$4.25	Sector Perform	N/A
4/17/2025	TCW Trican Well Service	Lower Price Target	C$4.00	C$6.00 ➝ C$5.50	Outperform	N/A
4/16/2025	ASND Ascendis Pharma A/S	Initiated Coverage	$165.00	$205.00	Outperform	Medium
4/16/2025	BAC Bank of America	Lower Price Target	$37.00	$50.00 ➝ $45.00	Outperform ➝ Outperform	Low
4/16/2025	PNC The PNC Financial Services Group	Lower Price Target	$152.00	$205.00 ➝ $195.00	Outperform ➝ Outperform	Low
4/16/2025	SPRB Spruce Biosciences	Lower Price Target	$0.00	$1.50 ➝ $0.50	Sector Perform ➝ Sector Perform	High
4/16/2025	AMED Amedisys	Reiterated Rating	$92.00	$100.00 ➝ $100.00	Outperform ➝ Outperform	Low
4/16/2025	ACI Albertsons Companies	Reiterated Rating	$22.00	$23.00 ➝ $23.00	Outperform ➝ Outperform	Low
4/16/2025	CHR Chorus Aviation	Lower Price Target	C$19.00	C$28.00 ➝ C$25.00	Outperform	N/A
4/16/2025	EIF Exchange Income	Lower Price Target	C$49.00	C$71.00 ➝ C$64.00	Outperform	N/A
4/16/2025	MSCI MSCI	Reiterated Rating	$547.00	$675.00 ➝ $675.00	Outperform ➝ Outperform	High
4/16/2025	AXL American Axle & Manufacturing	Reiterated Rating	$3.00	$5.00 ➝ $5.00	Sector Perform ➝ Sector Perform	Low
4/16/2025	ADVM Adverum Biotechnologies	Lower Price Target	$3.00	$10.00 ➝ $5.00	Sector Perform ➝ Sector Perform	High
4/16/2025	JNJ Johnson & Johnson	Reiterated Rating	$157.00	$181.00 ➝ $181.00	Outperform ➝ Outperform	Low
4/16/2025	C Citigroup	Lower Price Target	$63.00	$85.00 ➝ $78.00	Outperform ➝ Outperform	Low
4/16/2025	AC Air Canada	Lower Price Target	C$14.00	C$20.00 ➝ C$16.00	Sector Perform	N/A
4/16/2025	BBD.B Bombardier, Inc. Class B	Lower Price Target	C$84.00	C$116.00 ➝ C$101.00	Outperform	N/A
4/16/2025	CAE CAE	Lower Price Target	C$32.00	C$43.00 ➝ C$41.00	Outperform	N/A
4/15/2025	ZYXI Zynex	Reiterated Rating	$2.00		Sector Perform ➝ Sector Perform	Medium
4/15/2025	PEN Penumbra	Reiterated Rating	$277.00	$315.00	Outperform ➝ Outperform	Low
4/15/2025	RTOXF Rotork	Upgrade	$4.00		Outperform	Low
4/15/2025	VLVLY AB Volvo (publ)	Upgrade	$26.00		Hold ➝ Moderate Buy	Medium
4/15/2025	MTB M&T Bank	Lower Price Target	$160.00	$208.00 ➝ $200.00	Outperform ➝ Outperform	Medium
4/15/2025	ANGI Angi	Lower Price Target	$12.00	$27.50 ➝ $17.00	Sector Perform ➝ Sector Perform	Low
4/15/2025	INSP Inspire Medical Systems	Lower Price Target	$150.00	$260.00 ➝ $215.00	Outperform ➝ Outperform	Low
4/15/2025	BREE Breedon Group	Lower Price Target	GBX 444	GBX 650 ➝ GBX 625	Outperform	N/A
4/15/2025	DSCV discoverIE Group	Upgrade	GBX 560	GBX 690 ➝ GBX 600	Outperform	N/A
4/15/2025	OPT Optima Health	Boost Price Target	GBX 178	GBX 215 ➝ GBX 220	Outperform	N/A
4/15/2025	TTG TT Electronics	Downgrade	GBX 76	GBX 140 ➝ GBX 85	Sector Perform	N/A
4/15/2025	ROR Rotork	Upgrade	GBX 292	GBX 370	Outperform	N/A
4/15/2025	GWO Great-West Lifeco	Set Price Target	C$52.00	C$53.00	Sector Perform	N/A
4/15/2025	IAG iA Financial	Set Price Target	C$127.00	C$141.00	Sector Perform	N/A
4/15/2025	MFC Manulife Financial	Set Price Target	C$40.00	C$51.00	Outperform	N/A
4/15/2025	TTGPF TT Electronics	Downgrade	$1.00		Moderate Buy ➝ Hold	Low
4/15/2025	ARRY Array Technologies	Boost Price Target	$4.00	$7.00	Buy	N/A
4/15/2025	GS The Goldman Sachs Group	Lower Price Target	$510.00	$610.00 ➝ $560.00	Sector Perform ➝ Sector Perform	Low
4/15/2025	RDFN Redfin	Boost Price Target	$8.00	$8.00 ➝ $12.50	Sector Perform ➝ Sector Perform	Medium
4/15/2025	SFC Sagicor Financial	Set Price Target	C$8.00	C$9.00	Outperform	N/A
4/15/2025	SLF Sun Life Financial	Set Price Target	C$78.00	C$82.00	Outperform	N/A
4/14/2025	HLBZF Heidelberg Materials	Reiterated Rating	$182.00		Outperform ➝ Outperform	Low
4/14/2025	COF Capital One Financial	Set Price Target	$163.00	$190.00	Sector Perform ➝ Sector Perform	Low
4/14/2025	BE Bloom Energy	Set Price Target	$17.00	$26.00		High
4/14/2025	EUXTF Euronext	Downgrade	$143.00		Underperform	N/A
4/14/2025	NOG Northern Oil and Gas	Lower Price Target	$24.00	$40.00 ➝ $34.00	Sector Perform ➝ Sector Perform	Low
4/14/2025	NBIX Neurocrine Biosciences	Upgrade	$101.00	$138.00 ➝ $137.00	Sector Perform ➝ Outperform	Medium
4/14/2025	ADBE Adobe	Lower Price Target	$349.00	$530.00 ➝ $480.00	Outperform ➝ Outperform	Low
4/14/2025	CRH CRH	Lower Price Target	$85.00	$127.00 ➝ $108.00	Outperform ➝ Outperform	Low
4/14/2025	CX CEMEX	Lower Price Target	$5.00	$6.00 ➝ $5.00	Underperform ➝ Underperform	Low
4/14/2025	OC Owens Corning	Lower Price Target	$138.00	$212.00 ➝ $199.00	Outperform ➝ Outperform	Low
4/14/2025	STZ Constellation Brands	Lower Price Target	$187.00	$289.00 ➝ $233.00	Outperform ➝ Outperform	Low
4/14/2025	WN George Weston	Boost Price Target	C$257.00	C$264.00 ➝ C$284.00		N/A
4/14/2025	L Loblaw Companies	Boost Price Target	C$214.00	C$215.00 ➝ C$234.00		N/A
4/14/2025	MRU Metro	Boost Price Target	C$102.00	C$90.00 ➝ C$98.00		N/A
4/14/2025	COP ConocoPhillips	Lower Price Target	$89.00	$133.00 ➝ $120.00	Outperform ➝ Outperform	Low
4/14/2025	CMG Chipotle Mexican Grill	Lower Price Target	$48.00	$70.00 ➝ $65.00	Outperform ➝ Outperform	Low
4/14/2025	PR Permian Resources	Lower Price Target	$12.00	$18.00 ➝ $16.00	Outperform ➝ Outperform	Low
4/14/2025	DVN Devon Energy	Lower Price Target	$30.00	$49.00 ➝ $40.00	Sector Perform ➝ Sector Perform	Low
4/14/2025	IBM International Business Machines	Reiterated Rating	$238.00	$276.00 ➝ $276.00	Outperform ➝ Outperform	Low
4/14/2025	ALLY Ally Financial	Lower Price Target	$32.00	$45.00 ➝ $40.00	Outperform	Low
4/14/2025	AXP American Express	Lower Price Target	$251.00	$350.00 ➝ $310.00	Outperform	Low
4/14/2025	PALAF Paladin Energy	Upgrade	$3.00		Hold	Medium
4/11/2025	MGA Magna International	Downgrade	$32.00	$51.00 ➝ $32.00	Outperform ➝ Sector Perform	Low
4/11/2025	CCI Crown Castle	Lower Price Target	$104.00	$109.00 ➝ $107.00	Sector Perform ➝ Sector Perform	Medium
4/11/2025	CVE Cenovus Energy	Reiterated Rating	$12.00	$25.00 ➝ $25.00	Outperform ➝ Outperform	Medium
4/11/2025	KMX CarMax	Lower Price Target	$65.00	$103.00 ➝ $80.00	Outperform ➝ Outperform	Medium
4/11/2025	CHRD Chord Energy	Lower Price Target	$94.00	$165.00 ➝ $145.00	Outperform ➝ Outperform	High
4/11/2025	RRC Range Resources	Reiterated Rating	$34.00	$42.00 ➝ $42.00	Sector Perform ➝ Sector Perform	High
4/11/2025	SNX TD SYNNEX	Lower Price Target	$106.00	$165.00 ➝ $145.00	Outperform ➝ Outperform	Low
4/11/2025	CYBR CyberArk Software	Reiterated Rating	$326.00	$420.00 ➝ $420.00	Outperform ➝ Outperform	Low
4/11/2025	MG Magna International	Downgrade	C$45.00		Moderate Buy ➝ Hold	N/A
4/11/2025	CRC California Resources	Lower Price Target	$36.00	$68.00 ➝ $60.00	Outperform ➝ Outperform	High
4/11/2025	BCRX BioCryst Pharmaceuticals	Reiterated Rating	$7.00	$11.00 ➝ $11.00	Outperform ➝ Outperform	High
4/11/2025	APA APA	Lower Price Target	$16.00	$27.00 ➝ $24.00	Sector Perform ➝ Sector Perform	High
4/11/2025	MTDR Matador Resources	Lower Price Target	$41.00	$70.00 ➝ $62.00	Outperform ➝ Outperform	High
4/10/2025	WMT Walmart	Lower Price Target	$93.00	$107.00 ➝ $102.00	Outperform ➝ Outperform	Medium
4/10/2025	RPM RPM International	Lower Price Target	$103.00	$126.00 ➝ $116.00	Sector Perform ➝ Sector Perform	Low
4/10/2025	NDAQ Nasdaq	Reiterated Rating	$72.00	$95.00 ➝ $95.00	Outperform ➝ Outperform	Low
4/10/2025	BKD Brookdale Senior Living	Reiterated Rating	$6.00	$8.00 ➝ $8.00	Outperform ➝ Outperform	Low
4/9/2025	LYB LyondellBasell Industries	Downgrade	$57.00	$62.00	Outperform ➝ Sector Perform	High
4/9/2025	AAV Advantage Energy	Boost Price Target	C$10.00	C$11.00	Hold	N/A
4/9/2025	BCE BCE	Lower Price Target	C$30.00	C$39.00 ➝ C$37.00	Sector Perform	N/A