The Latest Breaking News from RBC Capital

Upgrades For Coupang Inc (NYSE:CPNG), JP Morgan upgraded the previous rating of Neutral to Overweight. The stock has a 52-week-high of $46.00 and a 52-week-low of $11.91. At the end of the last trading period, Coupang closed at $11.99.

RBC Capital analyst Luke Davis raised the price target of Topaz Energy Corp (TSX:TPZ) (OTC:TPZEF) to C$28 from C$27.50 while maintaining the Outperform rating on the shares. The analyst states that Topaz posted solid Q1/22 results underscored by meaningful free cash generation alongside increased guidance following the Keystone Royalty acquisition. Davis mentions that the management…

RBC Capital analyst Robert Kwan raised the price target for Gibson Energy Inc. (TSX:GEI) (OTC:GBNXF) to C$28 from C$27 with an Outperform rating on the shares. Kwan stated that Gibson Energy's shares continue to offer an attractive dividend yield (almost 6%) that is conservatively underpinned by cash flow (68% trailing DCF payout ratio), with confirmed…

MEG Energy Corp (TSX:MEG) (OTC:MEGEF) price target has been raised to C$22 from C$21 by RBC Capital analyst Greg Pardy. The analyst maintained his Outperform rating on the shares. The analyst stated that the bullish stance towards MEG Energy reflects its capable leadership team, top-quartile oil sands operations at Christina Lake, balance sheet deleveraging, and…

RBC Capital analyst Luke Davis raised the price target for Athabasca Oil Corp (TSX:ATH) (OTC:ATHOF) to C$3.25 from C$2.50 while maintaining the Sector Performs rating on the shares. The analyst removed the Speculative Risk qualifier. The analyst states that Athabasca’s positioning continues to improve, with steady operational performance setting the stage for a strategic shift…

RBC Capital boosted Atkore Inc. (NYSE: ATKR) price target from $123 to $170. Atkore shares rose 0.2% to $109.00 in pre-market trading.

Someone with a lot of money to spend has taken a bearish stance on Teladoc Health (NYSE:TDOC). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

RBC Capital analyst Greg Pardy raised the price target for Baytex Energy Corp (TSX:BTE) (OTC:BTEGF) to C$7 from C$6 while maintaining the Sector Perform rating on the shares. Pardy notes Baytex is off to a nice start in 2022 amid ongoing debt reduction and impressive drilling results in its emerging Clearwater oil play. The analyst…

Pason Systems Inc. (TSX:PSI) (OTC:PSYTF) price target has been raised to C$23 from C$22 by RBC Capital analyst Keith Mackey while maintaining the Outperform rating on the shares. The analyst mentioned that Pason reported strong 1Q22 results, highlighting growth in revenue per industry day and EBITDA margins. Mackey stated that global drilling activity remains strong,…

RBC Capital analyst Mark A. Dwelle raised the price target for Fairfax Financial Holdings (TSX:FFH) (OTC:FRFHF) to $750 from $675. The analyst kept Outperform rating for the shares. Dwelle stated that the hard market is still driving strong top-line growth and improved underwriting margins, and management did a great job of protecting book value as…

RBC Capital has decided to maintain its Outperform rating of Olin (NYSE:OLN) and raise its price target from $76.00 to $83.00. Shares of Olin are trading up 2.53% over the last 24 hours, at $58.85 per share. A move to $83.00 would account for a 41.04% increase from the current…