B of A Securities Downgrades Bank of Montreal to Neutral, Lowers Price Target to $117
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Bank of Montreal (NYSE:BMO) from Buy to Neutral and lowered its price target from $134 to $117.
August 28, 2024 | 12:31 pm
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B of A Securities has downgraded Bank of Montreal from Buy to Neutral, reducing the price target from $134 to $117, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by a major analyst like B of A Securities typically signals a less favorable view on the stock, which can lead to a negative short-term impact on the stock price. The lowered price target further supports this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100