Scotiabank Downgrades Bank of Montreal to Sector Perform, Lowers Price Target to C$112
Portfolio Pulse from Benzinga Newsdesk
Scotiabank has downgraded Bank of Montreal (NYSE:BMO) from Sector Outperform to Sector Perform and reduced its price target from C$123 to C$112.
August 28, 2024 | 1:20 pm
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Scotiabank has downgraded Bank of Montreal from Sector Outperform to Sector Perform, reducing the price target from C$123 to C$112.
The downgrade from Sector Outperform to Sector Perform by Scotiabank suggests a less optimistic outlook for BMO's stock performance. The reduction in the price target from C$123 to C$112 indicates a potential decrease in expected future value, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100