Royal Bank of Canada equity declined on Wednesday. The stock underperformed the wider market as shares slid 3 percent. The price fall followed a prior 50 percent rally that had raised earnings forecasts for the bank.
RBC Capital analysts published sector notes covering multiple sectors. The firm lowered price targets for Walmart and Advance Auto Parts. The firm also highlighted concerns over Hershey market share declines. In separate coverage, RBC Capital selected top regulated utilities and forecasted upside for MPLX.