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
10/6/2026	INSM Insmed	Reiterated Rating	$105.00		Outperform ➝ Outperform
10/6/2026	DVN Devon Energy	Reiterated Rating	$48.00	$67.00	Outperform ➝ Outperform
10/6/2026	LAC Lithium Americas	Set Price Target	$3.00	$3.50
10/6/2026	ALB Albemarle	Reiterated Rating	$106.00	$175.00	Outperform ➝ Outperform
10/6/2026	CMP Compass Minerals International	Reiterated Rating	$23.00		Market Perform ➝ Market Perform
10/6/2026	PJT PJT Partners	Reiterated Rating	$140.00		Outperform ➝ Outperform
10/6/2026	AVPT AvePoint	Initiated Coverage	$15.00	$17.00	Outperform
10/6/2026	PTC PTC	Downgrade	$193.00	$164.00 ➝ $205.00	Outperform ➝ Market Perform
10/6/2026	RXO RXO	Downgrade	$29.00	$30.25	Outperform ➝ Hold
10/6/2026	AVPT AvePoint	Upgrade	$15.00		Strong-Buy
10/6/2026	CMS CMS Energy	Lower Price Target	$65.00	$77.00 ➝ $73.00	Outperform ➝ Outperform
10/6/2026	SF Stifel Financial	Lower Price Target	$70.00	$85.00 ➝ $75.00	Market Perform ➝ Market Perform
10/6/2026	IBKR Interactive Brokers Group	Lower Price Target	$91.00	$110.00 ➝ $105.00	Outperform ➝ Outperform
10/6/2026	RJF Raymond James Financial	Lower Price Target	$160.00	$175.00 ➝ $170.00	Market Perform ➝ Market Perform
10/6/2026	NTRS Northern Trust	Lower Price Target	$169.00	$208.00 ➝ $190.00	Outperform ➝ Outperform
10/6/2026	STT State Street	Lower Price Target	$176.00	$212.00 ➝ $200.00	Outperform ➝ Outperform
10/6/2026	MS Morgan Stanley	Lower Price Target	$191.00	$250.00 ➝ $215.00	Outperform ➝ Outperform
10/6/2026	LPLA LPL Financial	Lower Price Target	$332.00	$390.00 ➝ $370.00	Outperform ➝ Outperform
10/6/2026	AMP Ameriprise Financial	Lower Price Target	$496.00	$560.00 ➝ $520.00	Market Perform ➝ Market Perform
10/6/2026	GS The Goldman Sachs Group	Lower Price Target	$898.00	$972.00 ➝ $970.00	Market Perform ➝ Market Perform
10/5/2026	MSFT Microsoft	Initiated Coverage	$529.00		Outperform ➝ Outperform
10/5/2026	RRC Range Resources	Reiterated Rating	$40.00		Market Perform ➝ Market Perform
10/5/2026	LRN Stride	Lower Price Target	$80.00	$93.00 ➝ $90.00	Market Perform ➝ Market Perform
10/5/2026	COUR Coursera	Lower Price Target	$5.00	$8.00 ➝ $6.00	Outperform ➝ Outperform
10/5/2026	STRA Strategic Education	Lower Price Target	$80.00	$100.00 ➝ $95.00	Outperform ➝ Outperform
10/5/2026	PXED Phoenix Education Partners	Lower Price Target	$25.00	$36.00 ➝ $33.00	Outperform ➝ Outperform
10/5/2026	LOPE Grand Canyon Education	Lower Price Target	$156.00	$185.00 ➝ $182.00	Outperform ➝ Outperform
10/5/2026	KLC KinderCare Learning Companies	Lower Price Target	$2.00	$5.00 ➝ $4.00	Outperform ➝ Outperform
10/5/2026	IART Integra LifeSciences	Lower Price Target	$13.00	$18.00 ➝ $15.00	Market Perform ➝ Market Perform
10/5/2026	CTRE CareTrust REIT	Lower Price Target	$37.00	$47.00 ➝ $45.00	Outperform ➝ Outperform
10/5/2026	BFAM Bright Horizons Family Solutions	Lower Price Target	$66.00	$93.00 ➝ $83.00	Outperform ➝ Outperform
10/5/2026	DTE DTE Energy	Boost Price Target	$128.00	$132.00 ➝ $134.00	Market Perform ➝ Market Perform
10/5/2026	CVSA Adtalem Global Education	Lower Price Target	$127.00	$148.00 ➝ $145.00	Outperform ➝ Outperform
10/5/2026	VST Vistra	Lower Price Target	$160.00	$231.00 ➝ $210.00	Outperform ➝ Outperform
10/4/2026	VRT Vertiv	Initiated Coverage	$253.00	$329.00	Outperform
10/4/2026	NVT nVent Electric	Initiated Coverage	$174.00	$212.00	Outperform
10/4/2026	NVT nVent Electric	Upgrade	$174.00		Strong-Buy
10/4/2026	VRT Vertiv	Upgrade	$253.00		Strong-Buy
10/2/2026	CEG Constellation Energy	Reiterated Rating	$300.00		Outperform ➝ Outperform
10/2/2026	BTSG BrightSpring Health Services	Reiterated Rating	$64.00		Outperform ➝ Outperform
10/2/2026	CTVA Corteva	Set Price Target	$14.00	$15.00
10/2/2026	CEG Constellation Energy	Set Price Target	$300.00	$350.00
10/2/2026	ACN Accenture	Set Price Target	$194.00	$235.00
10/2/2026	NKE NIKE	Reiterated Rating	$35.00	$25.00	Underperform ➝ Underperform
10/2/2026	VYLR Vylor	Initiated Coverage	$73.00	$85.00	Outperform
10/1/2026	LLY Eli Lilly and Company	Reiterated Rating	$1,158.00		Outperform ➝ Outperform
10/1/2026	PBF PBF Energy	Reiterated Rating	$83.00		Market Perform ➝ Market Perform
10/1/2026	FDS FactSet Research Systems	Reiterated Rating	$272.00	$300.00	Market Perform ➝ Market Perform
10/1/2026	ONEXF ONEX	Initiated Coverage	$74.00		Outperform
10/1/2026	NESR National Energy Services Reunited	Initiated Coverage	$25.00	$39.00	Outperform
10/1/2026	SGML Sigma Lithium	Downgrade	$10.00	$10.00	Outperform ➝ Market Perform
10/1/2026	MU Micron Technology	Reiterated Rating	$1,046.00		Outperform ➝ Outperform
10/1/2026	SGM Sutter Gold Mining	Downgrade	C$0.00		Strong-Buy ➝ Hold
10/1/2026	NESR National Energy Services Reunited	Initiated Coverage	$25.00	$39.00	Outperform
10/1/2026	ONEX Onex	Set Price Target	C$105.00	C$160.00	Outperform
9/30/2026	POR Portland General Electric	Lower Price Target	$44.00	$52.00 ➝ $47.00	Market Perform ➝ Market Perform
9/30/2026	EFX Equifax	Lower Price Target	$143.00	$179.00 ➝ $160.00	Market Perform ➝ Market Perform
9/30/2026	WSP WSP Global	Lower Price Target	C$167.00	C$280.00 ➝ C$275.00	Outperform
9/30/2026	MDB MongoDB	Lower Price Target	$361.00	$450.00 ➝ $420.00	Outperform ➝ Outperform
9/30/2026	FICO Fair Isaac	Lower Price Target	$695.00	$1,550.00 ➝ $1,150.00	Outperform ➝ Outperform
9/29/2026	NVO Novo Nordisk A/S	Reiterated Rating	$37.00		Market Perform ➝ Market Perform
9/29/2026	AEO American Eagle Outfitters	Boost Price Target	$18.00	$18.00 ➝ $20.00	Market Perform ➝ Market Perform
9/29/2026	JEF Jefferies Financial Group	Lower Price Target	$45.00	$57.00 ➝ $50.00	Market Perform ➝ Market Perform
9/29/2026	FCX Freeport-McMoRan	Boost Price Target	$73.00	$78.00 ➝ $85.00	Outperform ➝ Outperform
9/29/2026	NEM Newmont	Boost Price Target	$116.00	$135.00 ➝ $145.00	Outperform ➝ Outperform
9/29/2026	DTE DTE Energy	Lower Price Target	$128.00	$143.00 ➝ $132.00	Market Perform ➝ Market Perform
9/28/2026	SHW Sherwin-Williams	Reiterated Rating	$322.00		Outperform ➝ Outperform
9/28/2026	ZBH Zimmer Biomet	Reiterated Rating	$90.00		Market Perform ➝ Market Perform
9/28/2026	ALK Alaska Air Group	Set Price Target	$40.00	$62.50 ➝ $50.00	Outperform ➝ Outperform
9/28/2026	AAL American Airlines Group	Lower Price Target	$13.00	$19.00 ➝ $15.50	Market Perform ➝ Market Perform
9/28/2026	UAL United Airlines	Lower Price Target	$112.00	$157.50 ➝ $140.00	Outperform ➝ Outperform
9/28/2026	DAL Delta Air Lines	Lower Price Target	$84.00	$105.00 ➝ $100.00	Outperform ➝ Outperform
9/28/2026	NVST Envista	Lower Price Target	$23.00	$29.00 ➝ $26.00	Market Perform ➝ Market Perform
9/28/2026	REXR Rexford Industrial Realty	Boost Price Target	$37.00	$38.00 ➝ $39.00	Outperform ➝ Outperform
9/28/2026	NI NiSource	Lower Price Target	$41.00	$49.00 ➝ $45.00	Outperform ➝ Outperform
9/28/2026	JBLU JetBlue Airways	Lower Price Target	$4.00	$6.75 ➝ $5.25	Market Perform ➝ Market Perform
9/28/2026	LUV Southwest Airlines	Lower Price Target	$42.00	$60.00 ➝ $50.00	Outperform ➝ Outperform
9/28/2026	ARE Alexandria Real Estate Equities	Lower Price Target	$46.00	$52.00 ➝ $48.00	Market Perform ➝ Market Perform
9/28/2026	TDG Transdigm Group	Lower Price Target	$1,104.00	$1,525.00 ➝ $1,400.00	Outperform ➝ Outperform
9/25/2026	COST Costco Wholesale	Reiterated Rating	$936.00		Outperform ➝ Outperform
9/25/2026	OKTA Okta	Boost Price Target	$219.00	$187.00 ➝ $230.00	Outperform ➝ Outperform
9/25/2026	DRI Darden Restaurants	Lower Price Target	$203.00	$225.00 ➝ $220.00	Market Perform ➝ Market Perform
9/24/2026	ACAD ACADIA Pharmaceuticals	Lower Price Target	$20.00	$36.00 ➝ $34.00	Outperform ➝ Outperform
9/24/2026	THNCF Thinkific Labs	Reiterated Rating	$1.00		Market Perform ➝ Market Perform
9/24/2026	CIGI Colliers International Group	Reiterated Rating	$88.00		Outperform ➝ Outperform
9/24/2026	CALM Cal-Maine Foods	Reiterated Rating	$63.00	$83.00 ➝ $75.00	Market Perform ➝ Market Perform
9/24/2026	ONON ON	Boost Price Target	$33.00	$28.00 ➝ $33.00	Market Perform ➝ Market Perform
9/24/2026	PAYX Paychex	Lower Price Target	$101.00	$118.00 ➝ $113.00	Market Perform ➝ Market Perform
9/24/2026	MCD McDonald's	Lower Price Target	$233.00	$335.00 ➝ $310.00	Outperform ➝ Outperform
9/24/2026	PATH UiPath	Lower Price Target	$13.00	$18.00 ➝ $15.00	Market Perform ➝ Market Perform
9/24/2026	AGF.B AGF Management	Lower Price Target	C$15.00	C$21.00 ➝ C$19.00
9/24/2026	K Kinross Gold	Lower Price Target	C$34.00	C$49.00 ➝ C$48.00	Outperform
9/23/2026	NHI National Health Investors	Reiterated Rating	$66.00		Outperform ➝ Outperform
9/23/2026	ACN Accenture	Boost Price Target	$194.00	$150.00 ➝ $200.00	Market Perform ➝ Market Perform
9/23/2026	FDR Founders Metals	Boost Price Target	C$8.00	C$8.00 ➝ C$9.00
9/23/2026	RCL Royal Caribbean Cruises	Reiterated Rating	$289.00	$370.00	Outperform ➝ Outperform
9/23/2026	AZO AutoZone	Lower Price Target	$2,901.00	$4,000.00 ➝ $3,500.00	Outperform ➝ Outperform
9/22/2026	CYH Community Health Systems	Initiated Coverage	$3.00	$3.00	Market Perform
9/22/2026	HCA HCA Healthcare	Initiated Coverage	$432.00	$495.00	Market Perform ➝ Outperform
9/22/2026	HCA HCA Healthcare	Initiated Coverage	$432.00	$495.00	Market Perform ➝ Outperform