TD Securities Downgrades Bank of Montreal to Hold, Lowers Price Target to C$114
Portfolio Pulse from Benzinga Newsdesk
TD Securities has downgraded Bank of Montreal from Buy to Hold and reduced its price target from C$130 to C$114.
August 28, 2024 | 5:40 pm
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TD Securities downgraded Bank of Montreal from Buy to Hold, reducing the price target from C$130 to C$114, indicating a less optimistic outlook.
The downgrade from Buy to Hold suggests a less favorable view on the stock's potential, which could lead to a short-term negative impact on the stock price. The lowered price target further supports this outlook.
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