RBC Capital Maintains Sector Perform Ratings on Four Companies
RBC Capital kept Fortinet, Commvault Systems, Magna International and Lucid Group at Sector Perform, while cutting targets for the latter two.
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what happened
Dow Jones Newswires reported that RBC Capital maintained its Sector Perform rating on Fortinet and Commvault Systems. The analyst actions were published by Benzinga.
According to the Newsmetry API, RBC Capital also kept Magna International and Lucid Group at Sector Perform. At the same time, the firm lowered Magna International’s price target to $68.00 per share from $69.00 and Lucid Group’s target to $4.00 per share from $7.00.
why it matters
Keeping a Sector Perform rating signals that the analyst’s underlying view was unchanged, while the target-price reductions represent revised expectations for Magna International and Lucid Group. The reports did not give reasons for the changes.
instruments
sources
- Fortinet Is Maintained at Sector Perform by RBC Capital — Dow Jones Newswires, 12 October 2026 at 13:41 UTC
- Commvault Systems Is Maintained at Sector Perform by RBC Capital — Dow Jones Newswires, 12 October 2026 at 13:40 UTC
- Magna International Is Maintained at Sector Perform by RBC Capital — Newsmetry API, 12 October 2026 at 14:28 UTC
- Lucid Group Is Maintained at Sector Perform by RBC Capital — Newsmetry API, 12 October 2026 at 14:26 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
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