Barclays Maintains Overweight on Bank of Montreal, Lowers Price Target to C$126
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brian Morton maintains an Overweight rating on Bank of Montreal (NYSE:BMO) but lowers the price target from C$132 to C$126.
August 28, 2024 | 2:58 pm
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Barclays analyst Brian Morton maintains an Overweight rating on Bank of Montreal but lowers the price target from C$132 to C$126, indicating a slightly less optimistic outlook.
The lowering of the price target from C$132 to C$126 suggests a slightly less optimistic view on BMO's future performance, which could lead to a short-term negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the stock's potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100