TD Cowen Analyst Raises RBC Target to $208, Maintains "Hold" Recommendation
ByAinvest
Thursday, Aug 28, 2025 6:53 am ET1min read
RY--
Royal Bank of Canada (RY-T) reported a strong Q3 financial report, with adjusted earnings per share of $3.84, up 18% YoY. Analyst Mario Mendonca of TD Cowen upgraded his target for RBC shares to $208 from $191, citing strong capital markets activity, better loan growth, and the HSBC deal. Mendonca maintained a "hold" recommendation, noting that RBC's premium valuation is supported by expense actions, business mix, and NIM advantages.
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