Barclays Initiates Coverage On Bank of Montreal with Overweight Rating, Announces Price Target of C$140
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brian Morton initiates coverage on Bank of Montreal (BMO) with an Overweight rating and a price target of C$140.
March 20, 2024 | 10:18 am
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Barclays initiated coverage on Bank of Montreal with an Overweight rating and a price target of C$140, indicating a positive outlook.
The initiation of coverage by Barclays with an Overweight rating and a high price target suggests a strong bullish outlook on BMO by the analyst. This is likely to be viewed positively by the market and could lead to short-term price appreciation as investors adjust their positions based on this new analyst rating.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100