RBC boosted, Scotiabank cut at National Bank

Following Canadian bank earnings last week, Royal Bank of Canada (RY) is boosted to Buy at National Bank, with price target hiked to $75. The team removes Scotiabank (BNS) from the Buy list, downgrading to Hold.

Scotiabank also appears to have been downgraded by ... Scotiabank, which now rates the stock a Hold with $68 price target.

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Comments (2)
  • snoopy44
    , contributor
    Comments (1495) | Send Message
    Makes no sense whatsoever. BNS actually had a better quarter than RY. This is why no one should pay any attention to what analysts have to say.
    9 Dec 2013, 02:52 PM Reply Like
  • zvi saar
    , contributor
    Comments (6) | Send Message
    I agree makes no sense
    11 Dec 2013, 04:47 AM Reply Like
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