The Latest Breaking News from RBC Capital

RBC Capital analyst Ashish Sabadra upgraded Equifax Inc. (NYSE:EFX) to Outperform from Sector Perform and raised the price target to $300 (an upside of 25%), from $294. The analyst notes that the company's mortgage exposure has now been baked into investor expectations following the stock's relative underperformance compared to peers. Related: Baird Upgrades Equifax, Views Current…

Upgrades

RBC Capital analyst Brad Erickson lowered the price target on Meta Platforms Inc (NASDAQ:FB) to $400 from $415 but reiterated an Outperform rating on the shares. The price target implies an upside of 32%. The analyst says the data with 26 agency and ad network channel contacts related to overall spending trends are "mixed."  Erickson…

RBC Capital analyst Kutgun Maral upgraded Charter Communications Inc (NASDAQ:CHTR) to Outperform from Sector Perform with a price target of $690, down from $770, implying an upside of 20%. The analyst contends that the competitive threats to cable operators across broadband with telco fiber and fixed wireless assigned by the Street's negativity has become "too…

RBC Capital analyst Steven Cahall upgraded the rating on Comcast Corp (NASDAQ:CMCSA) to Outperform, from Sector Perform, with a $60 price target, suggesting an upside of 18%. Cahall stated that the recent 19% sell-off since early August is overdone. "While we acknowledge that telco fiber and fixed wireless will pressure Comcast's fundamentals, our analysis…

RBC Capital analyst Sebastian Kuenne upgraded ABB Ltd (NYSE:ABB) to Outperform from Sector Perform with a price target of CHF 41, up from CHF 30. The "leaner" company is in "far better position" to capture value in the electrification of transport and in the automation of industries, mentions the analyst. Kuenne adds that while Q4…