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
12/12/2025
DASH
DoorDash
Reiterated Rating$227.00Outperform ➝ Outperform
12/12/2025
EMLAF
Empire
Reiterated Rating$33.00Market Perform ➝ Market Perform
12/12/2025
COST
Costco Wholesale
Reiterated Rating$884.00Outperform ➝ Outperform
12/12/2025
NMG
Nouveau Monde Graphite
Initiated Coverage$3.00Outperform
12/12/2025
NOU
Nouveau Monde Graphite
Set Price TargetC$3.00 C$6.00Outperform
12/12/2025
TVK
TerraVest Industries
UpgradeC$153.00C$150.00 ➝ C$200.00Hold ➝ Outperform
12/11/2025
NNWWF
North West
Set Price Target$35.00 $56.00
12/11/2025
VET
Vermilion Energy
Reiterated Rating$9.00Market Perform ➝ Market Perform
12/11/2025
EVTZF
Evertz Technologies
Reiterated Rating$11.00Outperform ➝ Outperform
12/11/2025
UNFI
United Natural Foods
Reiterated Rating$33.00Outperform ➝ Outperform
12/11/2025
SAIL
SailPoint
Reiterated Rating$21.00Outperform ➝ Outperform
12/11/2025
JNJ
Johnson & Johnson
Reiterated Rating$212.00Outperform ➝ Outperform
12/11/2025
BCE
BCE
Upgrade$24.00Market Perform ➝ Outperform
12/11/2025
TU
TELUS
Downgrade$13.00Outperform ➝ Market Perform
12/11/2025
ORCL
Oracle
Lower Price Target$190.00$355.00 ➝ $270.00Outperform ➝ Outperform
12/11/2025
BCE
BCE
UpgradeC$33.00 C$37.00Market Perform ➝ Outperform
12/11/2025
CPX
Capital Power
Lower Price TargetC$61.00C$79.00 ➝ C$78.00Outperform
12/11/2025
ET
Evertz Technologies
Boost Price TargetC$15.00C$14.00 ➝ C$15.00Outperform
12/11/2025
NWC
North West
Lower Price TargetC$48.00C$57.00 ➝ C$56.00Outperform
12/11/2025
T
TELUS
DowngradeC$18.00C$23.00 ➝ C$19.00Outperform ➝ Hold
12/11/2025
VET
Vermilion Energy
Boost Price TargetC$12.00C$12.00 ➝ C$13.00Market Perform
12/10/2025
PFE
Pfizer
Reiterated Rating$26.00Outperform ➝ Outperform
12/10/2025
NEE
NextEra Energy
Reiterated Rating$82.00$90.00 ➝ $89.00Outperform ➝ Outperform
12/10/2025
NGVT
Ingevity
Boost Price Target$59.00$64.00 ➝ $70.00Outperform ➝ Outperform
12/10/2025
GEV
GE Vernova
Boost Price Target$672.00$710.00 ➝ $780.00Outperform ➝ Outperform
12/10/2025
ANDE
Andersons
Upgrade$54.00$50.00 ➝ $65.00Market Perform ➝ Outperform
12/10/2025
PLAY
Dave & Buster's Entertainment
Lower Price Target$20.00$35.00 ➝ $30.00Outperform ➝ Outperform
12/10/2025
AZO
AutoZone
Lower Price Target$3,440.00$4,600.00 ➝ $4,400.00Outperform ➝ Outperform
12/10/2025
IVZ
Invesco
Boost Price Target$26.00$28.00 ➝ $30.00Outperform ➝ Outperform
12/10/2025
FSLR
First Solar
Boost Price Target$255.00$273.00 ➝ $285.00Outperform ➝ Outperform
12/9/2025
GROY
Gold Royalty
Reiterated Rating$4.00 $4.75Outperform ➝ Outperform
12/9/2025
MPC
Marathon Petroleum
Reiterated Rating$186.00Outperform ➝ Outperform
12/9/2025
LUGDF
Lundin Gold
Reiterated Rating$81.00Market Perform ➝ Market Perform
12/9/2025
DE
Deere & Company
Reiterated Rating$485.00 $460.00Market Perform ➝ Market Perform
12/9/2025
PGR
Progressive
Set Price Target$235.00 $256.00
12/9/2025
TERN
Terns Pharmaceuticals
Boost Price Target$45.00$35.00 ➝ $54.00Outperform ➝ Outperform
12/9/2025
AR
Antero Resources
Boost Price Target$35.00$37.00 ➝ $40.00Market Perform ➝ Market Perform
12/9/2025
LUV
Southwest Airlines
Initiated Coverage$41.00 $43.00Market Perform
12/9/2025
PAYX
Paychex
Lower Price Target$115.00$140.00 ➝ $121.00Market Perform ➝ Market Perform
12/9/2025
LUG
Lundin Gold
Boost Price TargetC$111.00C$108.00 ➝ C$115.00
12/9/2025
TCL.A
Transcontinental
Boost Price TargetC$23.00C$23.00 ➝ C$27.00
12/9/2025
AAL
American Airlines Group
Upgrade$15.00Hold
12/9/2025
DAL
Delta Air Lines
Upgrade$70.00Strong-Buy
12/9/2025
UAL
United Airlines
Upgrade$107.00Strong-Buy
12/8/2025
AAL
American Airlines Group
Initiated Coverage$15.00 $16.75Market Perform
12/8/2025
UAL
United Airlines
Initiated Coverage$107.00 $125.00Outperform
12/8/2025
DAL
Delta Air Lines
Initiated Coverage$70.00 $80.00Outperform
12/8/2025
LRCDF
Laurentian Bank of Canada
Reiterated Rating$29.00Market Perform ➝ Market Perform
12/8/2025
PGR
Progressive
Lower Price Target$235.00$260.00 ➝ $256.00Market Perform ➝ Market Perform
12/8/2025
NFLX
Netflix
Reiterated Rating$95.00Outperform ➝ Outperform
12/8/2025
BDGI
Badger Infrastructure Solutions
Boost Price TargetC$78.00C$70.00 ➝ C$82.00
12/8/2025
LB
Laurentian Bank of Canada
Boost Price TargetC$40.00C$31.00 ➝ C$40.50
12/8/2025
MTL
Mullen Group
Boost Price TargetC$16.00C$16.00 ➝ C$18.00
12/8/2025
NFI
NFI Group
Lower Price TargetC$13.00C$18.00 ➝ C$17.00
12/8/2025
TVK
TerraVest Industries
Lower Price TargetC$153.00C$165.00 ➝ C$150.00
12/8/2025
EFX
Equifax
Lower Price Target$220.00$245.00 ➝ $234.00Market Perform ➝ Market Perform
12/8/2025
SLG
SL Green Realty
Lower Price Target$45.00$63.00 ➝ $60.00Outperform ➝ Outperform
12/5/2025
RNR
RenaissanceRe
Reiterated Rating$272.00 $303.00Outperform ➝ Outperform
12/5/2025
AMZN
Amazon.com
Reiterated Rating$226.00Outperform ➝ Outperform
12/5/2025
IOT
Samsara
Boost Price Target$41.00$47.00 ➝ $50.00Outperform ➝ Outperform
12/5/2025
DG
Dollar General
Boost Price Target$133.00$115.00 ➝ $130.00Market Perform ➝ Market Perform
12/5/2025
AIF
Altus Group
Boost Price TargetC$55.00C$57.00 ➝ C$61.00
12/5/2025
DOO
BRP
Boost Price TargetC$107.00C$105.00 ➝ C$115.00Outperform
12/5/2025
CM
Canadian Imperial Bank of Commerce
Boost Price TargetC$128.00C$121.00 ➝ C$130.00
12/5/2025
DPM
Dundee Precious Metals
Boost Price TargetC$40.00C$38.00 ➝ C$50.00
12/5/2025
TD
Toronto-Dominion Bank
Boost Price TargetC$126.00C$120.00 ➝ C$128.00
12/5/2025
TTAN
ServiceTitan
Boost Price Target$104.00$115.00 ➝ $125.00Outperform ➝ Outperform
12/5/2025
RBRK
Rubrik
Lower Price Target$82.00$110.00 ➝ $105.00Outperform ➝ Outperform
12/4/2025
PATH
UiPath
Boost Price Target$17.00$13.00 ➝ $17.00Market Perform ➝ Market Perform
12/4/2025
BNL
Broadstone Net Lease
Reiterated Rating$18.00Outperform ➝ Outperform
12/4/2025
HQY
HealthEquity
Reiterated Rating$97.00Market Perform ➝ Market Perform
12/4/2025
DLTR
Dollar Tree
Reiterated Rating$130.00Market Perform ➝ Market Perform
12/4/2025
ARE
Alexandria Real Estate Equities
Set Price Target$47.00 $60.00
12/4/2025
LLY
Eli Lilly and Company
Set Price Target$1,028.00 $1,200.00
12/4/2025
EXETF
Extendicare
Upgrade$16.00Market Perform ➝ Outperform
12/4/2025
CRM
Salesforce
Lower Price Target$262.00$280.00 ➝ $275.00Outperform ➝ Outperform
12/4/2025
REGN
Regeneron Pharmaceuticals
Boost Price Target$741.00$725.00 ➝ $850.00Outperform ➝ Outperform
12/4/2025
BWIN
Baldwin Insurance Group
Lower Price Target$24.00$34.00 ➝ $33.00Market Perform ➝ Market Perform
12/4/2025
DSGX
The Descartes Systems Group
Lower Price Target$91.00$113.00 ➝ $95.00Market Perform ➝ Market Perform
12/4/2025
ENB
Enbridge
Boost Price TargetC$65.00C$67.00 ➝ C$70.00
12/4/2025
EXE
Extendicare
UpgradeC$22.00C$21.00 ➝ C$24.00Hold ➝ Outperform
12/3/2025
GBNXF
Gibson Energy
Reiterated Rating$19.00Market Perform ➝ Market Perform
12/3/2025
ASGN
ASGN
Reiterated Rating$48.00 $57.00Outperform ➝ Outperform
12/3/2025
MNST
Monster Beverage
Reiterated Rating$74.00$53.00 ➝ $73.00Market Perform ➝ Market Perform
12/3/2025
AMGN
Amgen
Boost Price Target$318.00$335.00 ➝ $372.00Outperform ➝ Outperform
12/3/2025
EQIX
Equinix
Upgrade$750.00 $900.00Market Perform ➝ Outperform
12/3/2025
CRWD
CrowdStrike
Boost Price Target$505.00$500.00 ➝ $555.00Outperform ➝ Outperform
12/3/2025
OKTA
Okta
Lower Price Target$90.00$112.00 ➝ $90.00Market Perform ➝ Market Perform
12/3/2025
AMT
American Tower
Lower Price Target$181.00$215.00 ➝ $210.00Outperform ➝ Outperform
12/3/2025
CCI
Crown Castle
Lower Price Target$91.00$114.00 ➝ $107.00Outperform ➝ Outperform
12/3/2025
DOL
Dollarama
Boost Price TargetC$202.00C$215.00 ➝ C$222.00
12/3/2025
GEI
Gibson Energy
Boost Price TargetC$26.00C$25.00 ➝ C$27.00
12/3/2025
BNS
Bank of Nova Scotia
Boost Price TargetC$100.00C$89.00 ➝ C$93.00
12/2/2025
LLY
Eli Lilly and Company
Boost Price Target$1,028.00 $1,100.00Outperform ➝ Outperform
12/2/2025
MDB
MongoDB
Boost Price Target$419.00$415.00 ➝ $455.00Outperform ➝ Outperform
12/1/2025
ARE
Alexandria Real Estate Equities
Lower Price Target$47.00$67.00 ➝ $60.00Outperform ➝ Outperform
12/1/2025
ODFL
Old Dominion Freight Line
Upgrade$159.00$172.00 ➝ $170.00Market Perform ➝ Outperform
12/1/2025
FDX
FedEx
Boost Price Target$285.00$255.00 ➝ $265.00Market Perform ➝ Market Perform
12/1/2025
FWZ
Fireweed Metals
Set Price TargetC$3.00 C$4.00Outperform
11/28/2025
RSI
Rogers Sugar
Boost Price TargetC$6.00C$6.50 ➝ C$7.00Market Perform