BMO Capital Markets Stock Recommendations and Price Targets

BMO Capital Markets is the investment banking and capital markets arm of Bank of Montreal, aka BMO Financial Group. It serves corporate, institutional, and government clients in North America, providing equity and debt underwriting, corporate lending and project finance, M&A advisory, and equity and debt research. The company has more than 25 offices worldwide; about half are in North America. BMO Capital Markets was formed in 2006 when BMO Financial combined its US, Canadian, and international wholesale banking operations.

This is a list of recent ratings by BMO Capital Markets.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
9/17/2021	PFGC Performance Food Group	Lower Price Target	$45.00	$63.00 ➝ $61.00	Outperform	High
9/17/2021	TTWO Take-Two Interactive Software	Reiterated Rating	$152.00	$225.00 ➝ $150.00	Outperform ➝ Market Perform	Medium
9/16/2021	WLDBF WildBrain	Boost Price Target	C$2.00	C$3.00 ➝ C$3.50	Market Perform	Medium
9/16/2021	NGM NGM Biopharmaceuticals	Boost Price Target	$23.00	$29.00 ➝ $35.00	Positive ➝ Outperform	High
9/16/2021	ASGN ASGN	Boost Price Target	$110.00	$121.00 ➝ $128.00	Outperform	Medium
9/16/2021	FTNT Fortinet	Boost Price Target	$299.00	$300.00 ➝ $335.00	Market Perform	Low
9/16/2021	ADBE Adobe	Boost Price Target	$654.00	$630.00 ➝ $730.00	Outperform	Low
9/15/2021	NGD New Gold	Reiterated Rating	C$2.00		Hold	N/A
9/15/2021	TCW Trican Well Service	Reiterated Rating	C$3.00		Strong-Buy	N/A
9/15/2021	LAUR Laureate Education	Initiated Coverage	$17.00	$20.00	Outperform	High
9/14/2021	NGD New Gold	Lower Price Target	C$1.00	C$3.50 ➝ C$3.25	Outperform	N/A
9/14/2021	NGD New Gold	Lower Price Target	C$2.00	C$3.50 ➝ C$3.25	NA	N/A
9/14/2021	TOLWF Trican Well Service	Boost Price Target	C$2.00	C$3.50 ➝ C$3.75	Outperform	Low
9/14/2021	TCW Trican Well Service	Boost Price Target	C$3.00	C$3.50 ➝ C$3.70	NA	N/A
9/14/2021	TVE Tamarack Valley Energy	Reiterated Rating	C$3.00	C$3.00	Hold	N/A
9/14/2021	RUPRF Rupert Resources	Boost Price Target	C$4.00	C$6.50 ➝ C$10.00	Outperform	Medium
9/14/2021	RUP Rupert Resources	Boost Price Target	C$5.00	C$6.50 ➝ C$10.00		N/A
9/14/2021	CGX Cineplex	Reiterated Rating	C$13.00		Hold	N/A
9/14/2021	T TELUS	Reiterated Rating	C$29.00		Market Perform	N/A
9/14/2021	RCI.B Rogers Communications	Reiterated Rating	C$60.00		Outperform	N/A
9/14/2021	BCE BCE	Reiterated Rating	C$65.00		Outperform	N/A
9/14/2021	ORCL Oracle	Boost Price Target	$86.00	$88.00 ➝ $100.00	Market Perform	Medium
9/13/2021	VFF Village Farms International	Initiated Coverage	$9.00	$16.00	Outperform	Low
9/13/2021	VFF Village Farms International	Initiated Coverage	C$11.00	C$16.00	Buy	N/A
9/13/2021	CGX Cineplex	Boost Price Target	C$13.00	C$12.00 ➝ C$14.00	NA	N/A
9/13/2021	T TELUS	Boost Price Target	C$29.00	C$31.00 ➝ C$32.00	NA	N/A
9/13/2021	KR The Kroger	Boost Price Target	$41.00	$36.00 ➝ $39.00	Market Perform	Low
9/13/2021	CG The Carlyle Group	Upgrade	$51.00	$59.00 ➝ $65.00	Market Perform ➝ Outperform	Low
9/13/2021	EXC Exelon	Boost Price Target	$50.00	$50.00 ➝ $55.00	Outperform	Medium
9/13/2021	RCI.B Rogers Communications	Boost Price Target	C$60.00	C$68.00 ➝ C$72.00		N/A
9/13/2021	BCE BCE	Boost Price Target	C$65.00	C$63.50 ➝ C$69.00	NA	N/A
9/13/2021	ALB Albemarle	Boost Price Target	$227.00	$265.00 ➝ $290.00	Outperform	High
9/10/2021	FVI Fortuna Silver Mines	Reiterated Rating	C$5.00		Outperform	N/A
9/10/2021	APLS Apellis Pharmaceuticals	Lower Price Target	$34.00	$89.00 ➝ $69.00	Outperform	High
9/10/2021	PLAY Dave & Buster's Entertainment	Boost Price Target	$36.00	$54.00 ➝ $58.00	Outperform	High
9/10/2021	ZS Zscaler	Boost Price Target	$276.00	$250.00 ➝ $315.00	Outperform	High
9/10/2021	PANW Palo Alto Networks	Boost Price Target	$476.00	$480.00 ➝ $525.00	Outperform	Medium
9/9/2021	FSM Fortuna Silver Mines	Lower Price Target	C$4.00	C$9.75 ➝ C$9.00	Outperform	Medium
9/9/2021	FVI Fortuna Silver Mines	Lower Price Target	C$5.00	C$9.75 ➝ C$9.00	NA	N/A
9/9/2021	LICY Li-Cycle	Initiated Coverage	$9.00	$13.00	Outperform	High
9/9/2021	BIP Brookfield Infrastructure Partners	Initiated Coverage	$55.00	$61.00 ➝ $63.00	Outperform	Low
9/9/2021	DSGX The Descartes Systems Group	Boost Price Target	$84.00	$65.00 ➝ $88.00	Positive ➝ Market Perform	Medium
9/9/2021	GPN Global Payments	Boost Price Target	$162.00	$206.00 ➝ $217.00	Outperform	High
9/8/2021	ENB Enbridge	Boost Price Target	C$40.00	C$55.00 ➝ C$57.00	Outperform	Low
9/8/2021	ENB Enbridge	Boost Price Target	C$51.00	C$55.00 ➝ C$57.00	Outperform	N/A
9/8/2021	PATH UiPath	Lower Price Target	$54.00	$85.00 ➝ $70.00	Market Perform	High
9/8/2021	SMAR Smartsheet	Boost Price Target	$74.00	$78.00 ➝ $90.00	Outperform	High
9/7/2021	INGXF Innergex Renewable Energy	Initiated Coverage	$17.00		Outperform	High
9/7/2021	CXP Columbia Property Trust	Downgrade	$19.00	$19.50 ➝ $19.30	Outperform ➝ Market Perform	High
9/7/2021	INE Innergex Renewable Energy	Boost Price Target	C$22.00	C$23.00 ➝ C$24.00	Outperform	N/A
9/7/2021	ASH Ashland Global	Boost Price Target	$90.00	$107.00 ➝ $113.00	Outperform	Low
9/7/2021	DOOO BRP	Upgrade	$95.00	$100.00 ➝ $154.00	Market Perform ➝ Outperform	Medium
9/7/2021	DOO BRP	Upgrade	C$121.00	C$100.00 ➝ C$154.00	Market Perform ➝ Outperform	N/A
9/3/2021	GEF Greif	Boost Price Target	$62.00	$68.00 ➝ $71.00	Outperform	High
9/3/2021	AVGO Broadcom	Boost Price Target	$506.00	$550.00 ➝ $575.00	Outperform	Medium
9/2/2021	FMCXF Foran Mining	Initiated Coverage	$2.00	$2.75	Outperform	N/A
9/2/2021	FOM Foran Mining	Set Price Target	C$2.00	C$2.75	Outperform	N/A
9/2/2021	CS Capstone Mining	Reiterated Rating	C$5.00		Outperform	N/A
9/2/2021	HBM Hudbay Minerals	Reiterated Rating	C$7.00		Buy	N/A
9/2/2021	LUN Lundin Mining	Reiterated Rating	C$9.00		Market Perform	N/A
9/2/2021	ERO Ero Copper	Reiterated Rating	C$25.00		Buy	N/A
9/2/2021	FM First Quantum Minerals	Reiterated Rating	C$23.00		Hold	N/A
9/2/2021	TECK.B Teck Resources	Reiterated Rating	C$31.00		Hold	N/A
9/2/2021	STLC Stelco	Reiterated Rating	C$44.00		Buy	N/A
9/2/2021	OKTA Okta	Boost Price Target	$258.00	$265.00 ➝ $293.00	Outperform	High
9/1/2021	CS Capstone Mining	Boost Price Target	C$5.00	C$6.00 ➝ C$6.25	NA	N/A
9/1/2021	HBM Hudbay Minerals	Boost Price Target	C$7.00	C$15.00 ➝ C$16.00	NA	N/A
9/1/2021	LUN Lundin Mining	Boost Price Target	C$9.00	C$14.50 ➝ C$15.00	NA	N/A
9/1/2021	TRQ Turquoise Hill Resources	Boost Price Target	C$19.00		NA	N/A
9/1/2021	ERO Ero Copper	Boost Price Target	C$25.00	C$34.00 ➝ C$35.00	NA	N/A
9/1/2021	FM First Quantum Minerals	Boost Price Target	C$23.00	C$30.00 ➝ C$31.00	NA	N/A
9/1/2021	TECK.B Teck Resources	Boost Price Target	C$31.00	C$37.00 ➝ C$40.00	NA	N/A
9/1/2021	STLC Stelco	Boost Price Target	C$44.00	C$65.00 ➝ C$70.00	Buy	N/A
9/1/2021	PVH PVH	Boost Price Target	$110.00	$100.00 ➝ $107.00	Market Perform	High
8/31/2021	FEYE FireEye	Lower Price Target	$18.00	$25.00 ➝ $20.00	Market Perform	High
8/30/2021	WEBR Weber	Initiated Coverage	$15.00	$19.00	Market Perform	High
8/30/2021	COOK Traeger	Initiated Coverage	$22.00	$33.00	Outperform	High
8/30/2021	CBWBF Canadian Western Bank	Boost Price Target	C$29.00	C$41.00 ➝ C$42.00	Market Perform	Low
8/30/2021	TD The Toronto-Dominion Bank	Reiterated Rating	C$82.00		Market Perfom	N/A
8/30/2021	CM Canadian Imperial Bank of Commerce	Reiterated Rating	C$146.00		Buy	N/A
8/29/2021	ETTX Entasis Therapeutics	Reiterated Rating	$3.00		Buy	Low
8/27/2021	CNX CNX Resources	Downgrade	$12.00	$15.00 ➝ $13.00	Outperform ➝ Market Perform	High
8/27/2021	CHK Chesapeake Energy	Initiated Coverage	$61.00	$70.00	Outperform	High
8/27/2021	TD The Toronto-Dominion Bank	Lower Price Target	C$65.00	C$96.00 ➝ C$94.00	Market Perform	Low
8/27/2021	TD The Toronto-Dominion Bank	Lower Price Target	C$82.00	C$96.00 ➝ C$94.00		N/A
8/27/2021	DLTR Dollar Tree	Lower Price Target	$89.00	$103.00 ➝ $97.00	Neutral ➝ Market Perform	Medium
8/27/2021	CM Canadian Imperial Bank of Commerce	Boost Price Target	C$114.00	C$160.00 ➝ C$165.00	Outperform	High
8/27/2021	CM Canadian Imperial Bank of Commerce	Boost Price Target	C$146.00	C$160.00 ➝ C$165.00		N/A
8/27/2021	ALNY Alnylam Pharmaceuticals	Boost Price Target	$190.00	$174.00 ➝ $196.00	Neutral ➝ Market Perform	Medium
8/27/2021	WDAY Workday	Boost Price Target	$269.00	$260.00 ➝ $295.00	Market Perform	High
8/26/2021	HRB H&R Block	Boost Price Target	$25.00	$26.00 ➝ $28.00	Market Perform	Low
8/26/2021	VTR Ventas	Upgrade	$57.00	$60.00	Underperform ➝ Market Perform	Low
8/26/2021	NTIOF National Bank of Canada	Boost Price Target	C$77.00	C$101.00 ➝ C$104.00	Outperform	Low
8/26/2021	WELL Welltower	Upgrade	$86.00	$100.00	Market Perform ➝ Outperform	Low
8/26/2021	NA National Bank of Canada	Boost Price Target	C$98.00	C$101.00 ➝ C$104.00	Outperform	N/A
8/26/2021	RY Royal Bank of Canada	Boost Price Target	C$100.00	C$139.00 ➝ C$142.00	Market Perform	Low
8/26/2021	RY Royal Bank of Canada	Boost Price Target	C$128.00	C$139.00 ➝ C$142.00	Market Perform	N/A
8/26/2021	SPLK Splunk	Boost Price Target	$152.00	$148.00 ➝ $177.00	Outperform	Low
8/26/2021	CRM salesforce.com	Boost Price Target	$261.00	$280.00 ➝ $310.00	Positive ➝ Outperform	High
8/26/2021	PH Parker-Hannifin	Boost Price Target	$288.00	$365.00 ➝ $375.00	Outperform	Low