Royal Bank of Canada ( TSE:RY – Get Rating ) (NYSE:RY) was downgraded by research analysts at CIBC from an 'outperform' rating to a 'neutral' rating in a research note issued to investors on Tuesday, BayStreet.CA reports. They currently have a C$142.00 price target on the financial services provider's stock, down from their prior price target of C$147.00. CIBC's price objective indicates a potential upside of 10.39% from the company's current price. A number of other research analysts have also commented on RY.

https://www.dailypolitical.com/2023/05/16/royal-bank-of-canada-tsery-lowered-to-neutral-at-cibc.html

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