Royal Bank of Canada ( TSE:RY – Get Free Report ) (NYSE:RY) was downgraded by Morningstar from a 'buy' rating to a 'hold' rating in a report issued on Friday, BayStreet.CA reports. They currently have a C$130.00 target price on the financial services provider's stock, up from their previous target price of C$129.00. Morningstar's price target points to a potential upside of 7.62% from the stock's current price. RY has been the subject of a number of other research reports. Credit Suisse Group lifted their price objective on Royal Bank of Canada from C$138.

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