The Globe and Mail reports in its Friday edition that BMO's Sohrab Movahedi was the lone analyst to adjust a target price for shares of Royal Bank of Canada following its earnings release, raising his target to $140 from $132 with an unchanged "market perform" recommendation. The Globe's David Leeder writes that analysts on average target the shares at $133.52. Mr. Movahedi says in a note: "Royal Bank is a G-SIB (Bucket 1) universal bank with scale advantages in Canadian mass market banking and is committed to gaining market share in Canada by investing in technology as it balances its business mix between retail and wholesale. We believe the bank currently trades at a full valuation and leaves limited upside for investors." The Globe reports on Aug. 23 that CIBC analyst Paul Holden said he was "cautious" on Canadian banks. He rated Royal Bank "neutral." The shares could then be had for $119.71. The Globe reported on Nov. 7 that Desjardins analyst Doug Young continued to rate Royal Bank "buy." The shares could then be had for $116.22. The Globe reported on Nov. 22 that National Bank analyst Gabriel Dechaine had reaffirmed his "outperform" recommendation for Royal Bank. The shares could then be had for $119.78.