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Declining Interest Rates Should Boost Investment Appeal For Canadian Banks: BofA Analyst

B Of A Securities analyst Ebrahim H. Poonawala revised the rating on several Canadian Banks amid a declining rates scenario. The analyst says the rapid decline in interest rates (5yr yield -120bp since Oct high) lowers the probability of tail risk events posed by a higher for longer scenario. 

BMO

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Alector Upgraded, Analyst Sees High Reward Potential Ahead of Alzheimer’s Disease Candidate’s Phase 2 Results

Stifel has upgraded Alector Inc (NASDAQ: ALEC), noting that while Alzheimer's is a very high risk, the probability of success for AL002 (TREM2 agonist) is above average, and the stock risk/reward is highly attractive ahead of phase 2 data in expected in Q4 2024.

ALEC