Acknowledging that there is skepticism surrounding its business model and ability to sustain profitability targets, RBC Capital joins the growing list of bulls in support of Carvana, raising its rating on the stock to Outperform from Sector Perform on the upside potential to retail unit estimates and a clearer path to durable free cash flow.

Fintel reports that on January 7, 2025, RBC Capital upgraded their outlook for Carvana (NYSE:CVNA) from Sector Perform to Outperform. Analyst Price Forecast Suggests 30.86% Upside As of December 23, 2024,

RBC Capital Markets upgraded Bank of Montreal (NYSE:BMO) and Canadian Imperial Bank of Commerce (NYSE:CM) to Outperform from Sector Perform in a recent note, as analyst Darko Mihelic sees a "transitional year" for Canadian lenders in 2025.

Mihelic hiked his price target on Toronto-listed BMO shares from $133 to $161, while upgrading his rating to “Outperform” from “Sector perform.” The stock closed 1.75 per cent higher at $141.55 per share on Wednesday, outpacing the BMO Equal Weight Banks Index ETF ( ZEB.TO ), a basket of Canada’s biggest lenders.

Shares of Bank of Montreal BMO rose 1.75% to C$141.55 Wednesday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.

RBC Capital Markets has upgraded the Utilities sector to Overweight, naming it the top defensive sector, while downgrading Energy to Market Weight. The decision follows a survey of RBCs US analysts, which

Capital Markets has downgraded OptimizeRx Corp (NASDAQ:OPRX) to "sector perform," reflecting a tempered outlook on the company's growth prospects. RBC analysts cited challenges in the company's