RBC Capital Downgrades Bank of Montreal to Sector Perform, Lowers Price Target to C$118
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has downgraded Bank of Montreal (TSX:BMO) from Outperform to Sector Perform and lowered the price target from C$124 to C$118.
July 30, 2024 | 10:06 am
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NEGATIVE IMPACT
RBC Capital has downgraded Bank of Montreal from Outperform to Sector Perform and reduced the price target from C$124 to C$118.
The downgrade from Outperform to Sector Perform and the reduction in the price target by RBC Capital is likely to negatively impact investor sentiment and short-term stock price performance for Bank of Montreal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100