RBC Capital Cuts Price Targets on Morguard REIT and Caterpillar, Keeps Sector Perform
RBC Capital kept Sector Perform ratings on Morguard North American Residential REIT and Caterpillar while lowering their price targets, Dow Jones reports.
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what happened
RBC Capital kept its Sector Perform rating on Morguard North American Residential REIT shares and at the same time reduced the target price to C$17.00 per share from C$19.00. Dow Jones Newswires attributes the data to Baystreet.
For Caterpillar, the bank also held its Sector Perform rating but lowered its target to $722.00 per share from $897.00. Dow Jones Newswires published the information, citing Benzinga.
why it matters
Analyst target revisions reflect their current view of a stock's value, not a direct instruction to buy or sell. A Sector Perform rating means the bank expects performance broadly in line with the market. Investors often read such changes as a signal of how professional market participants see a company.
tags
instruments
sources
- Morguard North American Residential REIT Is Maintained at Sector Perform by RBC Capital — Dow Jones Newswires, 30 October 2026 at 15:38 UTC
- Caterpillar Is Maintained at Sector Perform by RBC Capital — Dow Jones Newswires, 30 October 2026 at 15:44 UTC
- Exelixis Is Maintained at Sector Perform by RBC Capital — Dow Jones Newswires, 30 October 2026 at 16:17 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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