The Globe and Mail reports in its Saturday, May 27, edition that Desjardins Securities analyst Doug Young notes that Royal Bank of Canada's second quarter financial results were "Made in Canada." The Globe's David Leeder writes in the Eye On Equities column that on Thursday, Royal Bank reported cash earnings per share of $1.89, exceeding Mr. Young's projection of $1.83 and the consensus estimate of $1.81. In explaining the results, he points to higher-than-expected earnings from its Canadian personal and commercial business as well as wealth management, insurance and capital markets beat. Mr. Young continues to rate the shares "buy." Mr. Young increased his target price for the stock by a loonie to $104. Analysts on average target the shares at $100.61. Meanwhile, Credit Suisse analyst Nick Stogdill also raised his target by a dollar to $103 with an "outperform" rating. Mr. Stogdill says, "RY's diversified businesses continue to exhibit good momentum and positions the bank to deliver higher EPS growth versus its peers." CIBC analyst Robert Sedran reiterated his "outperformer" rating and $106 target. Mr. Sedran says he likes that the bank's "strength is drawn from many different businesses."