Royal Bank of Canada shares fell on Wednesday. The stock underperformed the broader market as shares dropped 3 percent. The drop in value followed a prior 50 percent run-up that had boosted earnings expectations for the bank.
RBC Capital analysts released new commentary targeting multiple sectors. The firm cut price targets for Walmart and Advance Auto Parts. The firm also raised concerns over Hershey market share declines. In further reports, RBC Capital picked top regulated utilities and projected gains for MPLX.