BMO Capital Markets Stock Recommendations and Price Targets

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

DateCompany NameActionCurrent
Price
Price
Target
Rating
2/2/2026
CMS
CMS Energy
Reiterated Rating$71.00Outperform ➝ Outperform
2/2/2026
CNI
Canadian National Railway
Reiterated Rating$96.00Outperform ➝ Outperform
2/2/2026
APD
Air Products and Chemicals
Reiterated Rating$271.00 $282.00Market Perform ➝ Market Perform
2/2/2026
CMS
CMS Energy
Set Price Target$71.00 $79.00
2/2/2026
RHI
Robert Half
Reiterated Rating$34.00 $35.00Market Perform ➝ Market Perform
2/2/2026
CVX
Chevron
Reiterated Rating$174.00 $190.00Outperform ➝ Outperform
2/2/2026
BX
Blackstone
Lower Price Target$141.00$180.00 ➝ $165.00Outperform ➝ Outperform
1/30/2026
BBU
Brookfield Business Partners
Boost Price Target$36.00$42.00 ➝ $43.00Outperform ➝ Outperform
1/30/2026
SAP
SAP
Reiterated Rating$207.00Outperform ➝ Outperform
1/30/2026
SBUX
Starbucks
Reiterated Rating$92.00 $120.00Outperform ➝ Outperform
1/30/2026
BIP
Brookfield Infrastructure Partners
Reiterated Rating$37.00 $44.00Outperform ➝ Outperform
1/30/2026
ATGE
Adtalem Global Education
Reiterated Rating$106.00 $138.00Outperform ➝ Outperform
1/30/2026
SAP
SAP
Set Price Target$207.00 $245.00
1/30/2026
HXL
Hexcel
Reiterated Rating$81.00 $85.00Market Perform ➝ Market Perform
1/30/2026
LUV
Southwest Airlines
Upgrade$50.00$43.00 ➝ $57.50Market Perform ➝ Outperform
1/29/2026
ELVR
Elevra Lithium
Initiated Coverage$46.00Outperform
1/29/2026
NI
NiSource
Reiterated Rating$44.00 $49.00Outperform ➝ Outperform
1/29/2026
NEE
NextEra Energy
Set Price Target$87.00 $95.00
1/29/2026
IBM
International Business Machines
Reiterated Rating$315.00 $350.00Market Perform ➝ Market Perform
1/29/2026
GEV
GE Vernova
Reiterated Rating$758.00 $785.00Outperform ➝ Outperform
1/29/2026
CTSH
Cognizant Technology Solutions
Reiterated Rating$83.00 $96.00Market Perform ➝ Market Perform
1/29/2026
CHRW
C.H. Robinson Worldwide
Reiterated Rating$198.00 $180.00Market Perform ➝ Market Perform
1/29/2026
FSLR
First Solar
Set Price Target$231.00 $263.00
1/29/2026
FSLR
First Solar
Downgrade$231.00 $263.00Outperform ➝ Market Perform
1/29/2026
AHR
American Healthcare REIT
Initiated Coverage$47.00 $55.00Outperform
1/29/2026
PGR
Progressive
Lower Price Target$203.00$239.00 ➝ $232.00Market Perform ➝ Market Perform
1/29/2026
GIB.A
CGI
Lower Price TargetC$118.00C$145.00 ➝ C$137.00
1/29/2026
SLS
Solaris Resources
Boost Price TargetC$13.00C$16.00 ➝ C$18.00
1/29/2026
DDOG
Datadog
Lower Price Target$129.00$215.00 ➝ $170.00Outperform ➝ Outperform
1/29/2026
HUBS
HubSpot
Lower Price Target$274.00$465.00 ➝ $385.00Outperform
1/29/2026
MSFT
Microsoft
Lower Price Target$423.00$625.00 ➝ $575.00Outperform ➝ Outperform
1/29/2026
NOW
ServiceNow
Lower Price Target$118.00$175.00 ➝ $170.00Outperform
1/29/2026
BRO
Brown & Brown
Lower Price Target$71.00$88.00 ➝ $81.00Market Perform ➝ Market Perform
1/29/2026
META
Meta Platforms
Boost Price Target$706.00$710.00 ➝ $730.00Market Perform ➝ Market Perform
1/29/2026
HLI
Houlihan Lokey
Boost Price Target$168.00$209.00 ➝ $211.00Outperform ➝ Outperform
1/29/2026
AHR
American Healthcare REIT
Initiated Coverage$47.00 $55.00Outperform
1/28/2026
MTRAF
Metro
Reiterated Rating$67.00Outperform ➝ Outperform
1/28/2026
SLI
Standard Lithium
Reiterated Rating$4.00Outperform ➝ Outperform
1/28/2026
MDALF
MDA
Reiterated Rating$28.00Outperform ➝ Outperform
1/28/2026
MAUTF
Montage Gold
Reiterated Rating$9.00Outperform ➝ Outperform
1/28/2026
ATUSF
Altius Minerals
Reiterated Rating$32.00Market Perform ➝ Market Perform
1/28/2026
SYY
Sysco
Reiterated Rating$83.00Outperform ➝ Outperform
1/28/2026
NXT
Nextpower
Reiterated Rating$116.00 $104.00Market Perform ➝ Market Perform
1/28/2026
AAL
American Airlines Group
Reiterated Rating$14.00 $17.00Market Perform ➝ Market Perform
1/28/2026
LRN
Stride
Reiterated Rating$86.00 $94.00Market Perform ➝ Market Perform
1/28/2026
UPS
United Parcel Service
Boost Price Target$110.00$105.00 ➝ $110.00Market Perform ➝ Market Perform
1/28/2026
MDA
MDA Space
Boost Price TargetC$38.00C$36.00 ➝ C$45.00Outperform
1/28/2026
MRU
Metro
Lower Price TargetC$91.00C$115.00 ➝ C$110.00Outperform
1/28/2026
MAU
Montage Gold
Boost Price TargetC$4.00C$10.00 ➝ C$20.00Outperform
1/28/2026
NEM
Newmont
Boost Price Target$113.00$114.00 ➝ $145.00Outperform ➝ Outperform
1/27/2026
KNTNF
K92 Mining
Reiterated Rating$19.00Outperform ➝ Outperform
1/27/2026
EQX
Equinox Gold
Reiterated Rating$14.00Outperform ➝ Outperform
1/27/2026
HL
Hecla Mining
Boost Price Target$22.00$16.00 ➝ $28.00Market Perform ➝ Market Perform
1/27/2026
AEP
American Electric Power
Boost Price Target$118.00$123.00 ➝ $125.00Market Perform ➝ Market Perform
1/27/2026
DUK
Duke Energy
Boost Price Target$119.00$130.00 ➝ $132.00Outperform ➝ Outperform
1/27/2026
EVRG
Evergy
Boost Price Target$76.00$79.00 ➝ $82.00Outperform ➝ Outperform
1/27/2026
NEE
NextEra Energy
Boost Price Target$87.00$89.00 ➝ $93.00Outperform ➝ Outperform
1/27/2026
BKH
Black Hills
Boost Price Target$72.00$70.00 ➝ $82.00Outperform ➝ Outperform
1/27/2026
BKR
Baker Hughes
Boost Price Target$56.00$55.00 ➝ $65.00Outperform ➝ Outperform
1/26/2026
ORLA
Orla Mining
Reiterated Rating$15.00Outperform ➝ Outperform
1/26/2026
IGIFF
IGM Financial
Reiterated Rating$48.00Market Perform ➝ Market Perform
1/26/2026
AGFMF
AGF Management
Reiterated Rating$13.00Market Perform ➝ Market Perform
1/26/2026
CLS
Celestica
Reiterated Rating$285.00Outperform ➝ Outperform
1/26/2026
NVO
Novo Nordisk A/S
Set Price Target$59.00 $57.00
1/26/2026
IGM
IGM Financial
Boost Price TargetC$67.00C$57.00 ➝ C$68.00
1/26/2026
OLA
Orla Mining
Boost Price TargetC$20.00C$22.00 ➝ C$30.00
1/26/2026
GIL
Gildan Activewear
Boost Price Target$67.00$70.00 ➝ $78.00Outperform ➝ Outperform
1/26/2026
SLB
SLB
Boost Price Target$48.00$53.00 ➝ $55.00Outperform ➝ Outperform
1/26/2026
GILD
Gilead Sciences
Boost Price Target$143.00$135.00 ➝ $150.00Outperform ➝ Outperform
1/26/2026
ARE
Alexandria Real Estate Equities
Boost Price Target$54.00$60.00 ➝ $65.00Outperform ➝ Outperform
1/23/2026
CPPKF
Faraday Copper
Reiterated Rating$2.00Outperform ➝ Outperform
1/23/2026
ARMN
Aris Mining
Reiterated Rating$18.00Outperform ➝ Outperform
1/23/2026
PRMB
Primo Brands
Reiterated Rating$19.00 $35.00Outperform ➝ Outperform
1/23/2026
BTSG
BrightSpring Health Services
Reiterated Rating$40.00 $46.00Outperform ➝ Outperform
1/23/2026
SAP
Saputo
Boost Price TargetC$42.00C$37.00 ➝ C$41.00Market Perform
1/23/2026
TRU
TransUnion
Upgrade$77.00Strong-Buy
1/22/2026
PLD
Prologis
Reiterated Rating$130.00 $123.00Market Perform ➝ Market Perform
1/22/2026
UAL
United Airlines
Reiterated Rating$107.00 $132.50Outperform ➝ Outperform
1/22/2026
BSY
Bentley Systems
Initiated Coverage$34.00 $48.00Outperform
1/22/2026
HAL
Halliburton
Boost Price Target$33.00$36.00 ➝ $39.00Market Perform ➝ Market Perform
1/22/2026
ELD
Eldorado Gold
Boost Price TargetC$53.00C$59.00 ➝ C$74.00
1/22/2026
FFH
Fairfax Financial
DowngradeC$2,270.00C$2,600.00 ➝ C$2,500.00Outperform ➝ Hold
1/22/2026
BSY
Bentley Systems
Initiated Coverage$34.00 $48.00Outperform
1/21/2026
FRFHF
Fairfax Financial
Downgrade$1,660.00Outperform ➝ Hold
1/21/2026
GMINF
G Mining Ventures
Reiterated Rating$32.00Outperform ➝ Outperform
1/21/2026
BDRBF
Bombardier
Reiterated Rating$170.00Outperform ➝ Outperform
1/21/2026
BBD.B
Bombardier, Inc. Class B
Boost Price TargetC$237.00C$240.00 ➝ C$300.00Outperform
1/21/2026
NFLX
Netflix
Lower Price Target$83.00$143.00 ➝ $135.00Outperform ➝ Outperform
1/21/2026
NOW
ServiceNow
Lower Price Target$118.00$230.00 ➝ $175.00Outperform ➝ Outperform
1/21/2026
IBKR
Interactive Brokers Group
Boost Price Target$75.00$80.00 ➝ $82.00Outperform ➝ Outperform
1/21/2026
ENTG
Entegris
Boost Price Target$119.00$105.00 ➝ $126.00Outperform ➝ Outperform
1/20/2026
CGAU
Centerra Gold
Upgrade$17.00Hold ➝ Outperform
1/20/2026
EQB
EQB
UpgradeC$109.00C$108.00 ➝ C$130.00Hold ➝ Outperform
1/20/2026
CG
Centerra Gold
UpgradeC$23.00Hold ➝ Outperform
1/20/2026
ALB
Albemarle
Boost Price Target$165.00$145.00 ➝ $210.00Outperform ➝ Outperform
1/20/2026
GS
The Goldman Sachs Group
Boost Price Target$946.00$980.00 ➝ $985.00Market Perform ➝ Market Perform
1/19/2026
EQGPF
EQB
Upgrade$78.00Market Perform ➝ Outperform
1/19/2026
CDDRF
Headwater Exploration
Reiterated Rating$8.00Outperform ➝ Outperform
1/19/2026
EXK
Endeavour Silver
Reiterated Rating$11.00Outperform ➝ Outperform
1/19/2026
CC
Chemours
Reiterated Rating$16.00 $20.00Outperform ➝ Outperform