The usually impenetrable RBC gets into a dispute over future loss potential with Citi analysts.

TheStar.com | Business | RBC disputes critical Citi assessment

Citi Investment Research analyst Shannon Cowherd lowered her rating on the stock from “hold/high risk” to “sell/high risk” and cut her price target from to C$40 from C$47.

“The downgrade is driven by our conservative estimate of a $5 billion potential credit-related writedown and a $2-billion increase to the provision for credit losses,” Cowherd wrote in a report to clients.