BMO Capital Upgrades Toromont Industries to Outperform, Lowers Price Target to C$116
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Devin Dodge has upgraded Toromont Industries (TSX:TIH) from Market Perform to Outperform, but lowered the price target from C$120 to C$116.
November 01, 2023 | 1:23 pm
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Toromont Industries has been upgraded to Outperform by BMO Capital, which could attract more investors. However, the price target has been lowered from C$120 to C$116.
The upgrade to Outperform suggests that BMO Capital believes Toromont Industries will outperform the market, which could attract more investors and potentially increase the stock price. However, the lowering of the price target could indicate a perceived limit to the stock's potential growth, which could temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100