As previously reported yesterday, Desjardins analyst Doug Young downgraded Laurentian Bank to Sell from Hold with a price target of C$26, down from C$27, citing the absence of near-term catalysts. Ahead of Q1 reporting starting on February 27 for the Canadian bank group, the firm is going to “stay the course with our market overweight call,” said the analyst, who forecasts an about 11% year-over-year decline in cash EPS for the “Big 6” Canadian banks.
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