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Add as a preferred source on GoogleRBC Capital Markets Shifts Technology Rating to Market Weight
The bank lowered its recommendation from overweight after the sector outperformed the broader market beginning in late July.
RBC Capital Markets shifted its technology-sector rating from overweight to market weight after strong gains left valuations stretched.
Technology sharply outperformed the broader market beginning in late July. The rating change reflects RBC’s view that valuations have become stretched after that advance.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.