RBC Capital Maintains Outperform on Bank of Montreal, Lowers Price Target to C$130
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Darko Mihelic maintains an Outperform rating on Bank of Montreal (BMO) but lowers the price target from C$134 to C$130.

February 28, 2024 | 2:40 pm
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NEUTRAL IMPACT
RBC Capital maintains an Outperform rating on Bank of Montreal but lowers the price target from C$134 to C$130.
The adjustment in price target by RBC Capital, while maintaining an Outperform rating, suggests a continued positive outlook on BMO but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market absorbs the revised target.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90