Macquarie and Scotia Capital Downgrade $STT $DB $RY- Finally someone stopped drinking the Kool Aide

Analysts at Macquarie and Scotia Capital have both downgraded shares of the Royal Bank of Canada (NYSE: RY). Macquarie’s analysts downgraded Royal Bank of Canada from Outperform to Neutral. Scotia Capital downgraded shares of Royal Bank of Canada from Sector Outperform to Sector Perform. Shares of Royal Bank of Canada closed down 2.79% on Friday, ending at $52.63
A Macquarie analyst downgraded his rating of shares of shares of Deutsche Bank (NYSE: DB) by two ratings from “Outperform”, past “Market Perform”, all the way down to “Underperform” on Friday. Shares of Deutsche Bank closed down 3.97% on Friday, ending at $59.57.
Analysts at William Blair and Bernstein have both downgraded shares of State Street Financial (NYSE: STT). William Blair downgraded State Street from Outperform to Market Perform. Bernstein also downgraded State Street from Outperform to Market Perform. Shares of State Street closed down 2.48% on Friday, ending at $38.17 link