National Bank Financial Inc Upgrades Bank of Montreal to Sector Outperform, Raises Price Target to C$141
Portfolio Pulse from Benzinga Newsdesk
National Bank Financial Inc analyst Gabriel Dechaine upgraded Bank of Montreal (BMO) from Sector Perform to Sector Outperform and increased the price target from C$117 to C$141.
December 20, 2023 | 9:27 am
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POSITIVE IMPACT
Bank of Montreal's stock rating was upgraded by National Bank Financial Inc to Sector Outperform, with a raised price target from C$117 to C$141, indicating a positive outlook.
Upgrades by analysts typically lead to a positive short-term reaction in the stock market as they suggest a better-than-previously-expected performance of the company. The increase in price target further strengthens the positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100