RBC Capital Maintains Sector Perform on Bank of Montreal, Lowers Price Target to C$106
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Darko Mihelic maintains a Sector Perform rating on Bank of Montreal and lowers the price target from C$118 to C$106.
August 28, 2024 | 12:32 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
RBC Capital has maintained its Sector Perform rating on Bank of Montreal but has lowered the price target from C$118 to C$106, indicating a more cautious outlook.
The lowering of the price target by RBC Capital suggests a less optimistic view on Bank of Montreal's future performance, which could lead to a short-term negative impact on the stock price. The maintenance of the Sector Perform rating indicates that the stock is expected to perform in line with the sector, but the reduced price target reflects potential challenges or lower growth expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100