National Bank Of Canada Maintains Sector Perform on Bank of Montreal, Lowers Price Target to C$122
Portfolio Pulse from Benzinga Newsdesk
National Bank of Canada analyst Gabriel Dechaine maintains a Sector Perform rating on Bank of Montreal (TSX:BMO) and lowers the price target from C$129 to C$122.
May 25, 2023 | 9:11 am
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NEGATIVE IMPACT
National Bank of Canada maintains a Sector Perform rating on Bank of Montreal and lowers the price target from C$129 to C$122.
The lowered price target from C$129 to C$122 by National Bank of Canada analyst Gabriel Dechaine indicates a potentially negative short-term impact on Bank of Montreal's stock price. The Sector Perform rating suggests that the stock is expected to perform in line with the market, but the reduced price target may lead to a decrease in investor confidence and potentially lower stock prices in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100