Barclays lowered the firm’s price target on Laurentian Bank to C$32 from C$42 and keeps an Equal Weight rating on the shares. The analyst anticipates uncertainty will continue to weigh on Laurentian’s valuation after the bank’s strategic review yielded no sale.
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Read More on LRCDF:
- Laurentian Bank downgraded to Market Perform from Buy at Cormark
- Laurentian Bank downgraded to Neutral from Outperformer at CIBC
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- Laurentian Bank downgraded to Underperform from Sector Perform at RBC Capital
- Laurentian Bank price target lowered to C$45 from C$48 at TD Securities
