RBC Capital Maintains Outperform on Bank of Montreal, Lowers Price Target to C$138
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Darko Mihelic has maintained an 'Outperform' rating on Bank of Montreal (TSX:BMO), but lowered the price target from C$143 to C$138.
August 30, 2023 | 12:55 pm
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NEUTRAL IMPACT
Bank of Montreal's price target has been lowered by RBC Capital from C$143 to C$138, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still expects the stock to outperform its peers, which could offset the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100