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
11/3/2026	XYZ Block	Reiterated Rating	$76.00		Hold ➝ Hold
11/3/2026	ROKU Roku	Upgrade	$160.00		Market Perform ➝ Outperform
11/3/2026	BE Bloom Energy	Downgrade	$214.00		Outperform ➝ Market Perform
11/3/2026	GEI Gibson Energy	Boost Price Target	C$34.00	C$31.00 ➝ C$33.00	Market Perform
11/3/2026	CCO Cameco	Set Price Target	C$102.00	C$150.00	Outperform
11/3/2026	MRSH Marsh & McLennan Companies	Upgrade	$204.00	$204.00 ➝ $230.00	Market Perform ➝ Outperform
11/3/2026	AJG Arthur J. Gallagher & Co.	Downgrade	$273.00	$295.00	Outperform ➝ Market Perform
11/3/2026	AON AON	Upgrade	$330.00	$319.00 ➝ $380.00	Market Perform ➝ Outperform
11/2/2026	FLNC Fluence Energy	Reiterated Rating	$6.00		Market Perform ➝ Market Perform
11/2/2026	LYB LyondellBasell Industries	Reiterated Rating	$66.00	$72.00	Outperform ➝ Outperform
11/2/2026	EQIX Equinix	Reiterated Rating	$1,014.00	$1,250.00	Outperform ➝ Outperform
11/1/2026	EMR Emerson Electric	Upgrade	$166.00		Hold ➝ Strong-Buy
10/30/2026	BFAM Bright Horizons Family Solutions	Reiterated Rating	$54.00	$75.00	Outperform ➝ Outperform
10/30/2026	SYK Stryker	Reiterated Rating	$311.00	$309.00	Outperform ➝ Outperform
10/30/2026	QSR Restaurant Brands International	Reiterated Rating	$74.00	$91.00	Outperform ➝ Outperform
10/30/2026	LLY Eli Lilly and Company	Reiterated Rating	$1,409.00	$1,650.00	Outperform ➝ Outperform
10/30/2026	PINS Pinterest	Reiterated Rating	$20.00		Outperform ➝ Outperform
10/30/2026	FSLR First Solar	Reiterated Rating	$186.00	$255.00	Outperform ➝ Outperform
10/30/2026	GILD Gilead Sciences	Reiterated Rating	$167.00	$184.00	Outperform ➝ Outperform
10/30/2026	PPC Pilgrim's Pride	Reiterated Rating	$27.00	$31.00	Market Perform ➝ Market Perform
10/30/2026	SBUX Starbucks	Reiterated Rating	$105.00		Outperform ➝ Outperform
10/30/2026	TEAM Atlassian	Reiterated Rating	$191.00	$225.00	Outperform ➝ Outperform
10/30/2026	EXEL Exelixis	Reiterated Rating	$72.00	$60.00	Market Perform ➝ Market Perform
10/30/2026	ALNY Alnylam Pharmaceuticals	Reiterated Rating	$160.00	$290.00	Outperform ➝ Outperform
10/30/2026	CATX Perspective Therapeutics	Reiterated Rating	$1.00		Outperform ➝ Outperform
10/30/2026	CVO Coveo Solutions	Boost Price Target	C$5.00	C$6.00 ➝ C$6.50	Outperform
10/30/2026	ATEC Alphatec	Downgrade	$7.00	$8.00	Outperform ➝ Market Perform
10/30/2026	AC Air Canada	Lower Price Target	C$21.00	C$35.00 ➝ C$33.00	Outperform
10/30/2026	CCA Cogeco Communications	Lower Price Target	C$53.00	C$65.00 ➝ C$60.00	Market Perform
10/30/2026	HONA Honeywell Aerospace	Downgrade	$158.00	$213.00 ➝ $181.00	Outperform ➝ Market Perform
10/29/2026	AGI Alamos Gold	Reiterated Rating	$27.00		Outperform ➝ Outperform
10/29/2026	ICLR Icon	Reiterated Rating	$204.00	$235.00	Outperform ➝ Outperform
10/29/2026	CMG Chipotle Mexican Grill	Reiterated Rating	$33.00	$50.00	Outperform ➝ Outperform
10/29/2026	VRT Vertiv	Reiterated Rating	$236.00	$331.00	Outperform ➝ Outperform
10/29/2026	GOOG Alphabet	Set Price Target	$278.00	$425.00
10/29/2026	GEV GE Vernova	Reiterated Rating	$918.00	$1,200.00	Outperform ➝ Outperform
10/29/2026	KLAC KLA	Set Price Target	$156.00	$133.00
10/29/2026	EBAY eBay	Reiterated Rating	$119.00		Outperform ➝ Outperform
10/29/2026	MSFT Microsoft	Set Price Target	$521.00	$610.00
10/29/2026	WING Wingstop	Reiterated Rating	$162.00	$160.00	Market Perform ➝ Market Perform
10/29/2026	KNSL Kinsale Capital Group	Reiterated Rating	$383.00		Underperform ➝ Underperform
10/28/2026	PDS Precision Drilling	Reiterated Rating	$96.00		Outperform ➝ Outperform
10/28/2026	V Visa	Set Price Target	$420.00	$425.00 ➝ $438.00	Outperform ➝ Outperform
10/28/2026	PYPL PayPal	Boost Price Target	$58.00	$56.00 ➝ $59.00	Market Perform ➝ Market Perform
10/28/2026	ONON ON	Reiterated Rating	$37.00	$35.00	Market Perform ➝ Market Perform
10/28/2026	WPC W.P. Carey	Reiterated Rating	$64.00		Outperform ➝ Outperform
10/28/2026	ENPH Enphase Energy	Lower Price Target	$30.00	$28.00 ➝ $25.00	Market Perform ➝ Market Perform
10/27/2026	PREKF PrairieSky Royalty	Reiterated Rating	$26.00		Outperform ➝ Outperform
10/27/2026	INCY Incyte	Reiterated Rating	$118.00		Market Perform ➝ Market Perform
10/27/2026	TPG TPG	Lower Price Target	$48.00	$56.00 ➝ $52.00	Outperform ➝ Outperform
10/27/2026	STEP StepStone Group	Lower Price Target	$44.00	$58.00 ➝ $48.00	Outperform ➝ Outperform
10/27/2026	HLNE Hamilton Lane	Lower Price Target	$89.00	$116.00 ➝ $95.00	Outperform ➝ Outperform
10/27/2026	CG Carlyle Group	Lower Price Target	$41.00	$56.00 ➝ $46.00	Outperform ➝ Outperform
10/27/2026	ARES Ares Management	Lower Price Target	$129.00	$134.00 ➝ $130.00	Market Perform ➝ Market Perform
10/27/2026	APO Apollo Global Management	Lower Price Target	$114.00	$134.00 ➝ $124.00	Market Perform ➝ Market Perform
10/27/2026	FISV Fiserv	Set Price Target	$58.00	$50.00 ➝ $48.00	Market Perform ➝ Market Perform
10/27/2026	CALM Cal-Maine Foods	Reiterated Rating	$66.00		Market Perform ➝ Market Perform
10/27/2026	OWL Blue Owl Capital	Lower Price Target	$10.00	$12.00 ➝ $11.00	Outperform ➝ Outperform
10/27/2026	PSK PrairieSky Royalty	Boost Price Target	C$36.00	C$39.00 ➝ C$40.00	Outperform
10/27/2026	KKR KKR & Co. Inc.	Lower Price Target	$96.00	$118.00 ➝ $109.00	Outperform ➝ Outperform
10/26/2026	GIL Gildan Activewear	Set Price Target	$41.00	$82.00 ➝ $64.00	Outperform ➝ Outperform
10/26/2026	FICO Fair Isaac	Lower Price Target	$724.00	$1,150.00 ➝ $897.00	Outperform ➝ Outperform
10/26/2026	BLDP Ballard Power Systems	Lower Price Target	$2.00	$2.10 ➝ $1.50	Underperform ➝ Underperform
10/26/2026	RHI Robert Half	Boost Price Target	$44.00	$47.00 ➝ $50.00	Outperform ➝ Outperform
10/26/2026	PCG Pacific Gas & Electric	Boost Price Target	$13.00	$21.00 ➝ $22.00	Market Perform ➝ Market Perform
10/26/2026	MEDP Medpace	Boost Price Target	$663.00	$600.00 ➝ $670.00	Market Perform ➝ Market Perform
10/26/2026	INFY Infosys	Reiterated Rating	$12.00	$12.00 ➝ $13.00	Market Perform ➝ Market Perform
10/26/2026	FICO Fair Isaac	Lower Price Target	$724.00	$1,150.00 ➝ $897.00	Outperform ➝ Outperform
10/26/2026	DECK Deckers Outdoor	Reiterated Rating	$84.00		Underperform ➝ Underperform
10/26/2026	DKS DICK'S Sporting Goods	Reiterated Rating	$136.00		Underperform ➝ Underperform
10/26/2026	FE FirstEnergy	Initiated Coverage	$47.00	$50.00	Outperform
10/26/2026	FE FirstEnergy	Initiated Coverage	$47.00	$50.00	Outperform
10/23/2026	PWCDF Power Co. of Canada	Reiterated Rating	$68.00		Market Perform ➝ Market Perform
10/23/2026	MLLGF Mullen Group	Reiterated Rating	$20.00		Outperform ➝ Outperform
10/23/2026	FSV FirstService	Reiterated Rating	$149.00	$179.00	Outperform ➝ Outperform
10/23/2026	WCN Waste Connections	Reiterated Rating	$186.00	$206.00	Outperform ➝ Outperform
10/23/2026	HON Honeywell International	Reiterated Rating	$224.00	$261.00	Outperform ➝ Outperform
10/23/2026	CLS Celestica	Reiterated Rating	$259.00	$400.00	Outperform ➝ Outperform
10/23/2026	ROP Roper Technologies	Reiterated Rating	$474.00	$393.00 ➝ $462.00	Market Perform ➝ Market Perform
10/22/2026	DALXF Spartan Delta	Reiterated Rating	$9.00		Outperform ➝ Outperform
10/22/2026	ALK Alaska Air Group	Reiterated Rating	$37.00	$50.00 ➝ $42.00	Outperform ➝ Outperform
10/22/2026	UAL United Airlines	Lower Price Target	$107.00	$140.00 ➝ $135.00	Outperform ➝ Outperform
10/22/2026	META Meta Platforms	Boost Price Target	$621.00	$580.00 ➝ $685.00	Market Perform ➝ Market Perform
10/22/2026	MCO Moody's	Boost Price Target	$503.00	$490.00 ➝ $511.00	Market Perform ➝ Market Perform
10/22/2026	KMI Kinder Morgan	Boost Price Target	$33.00	$36.00 ➝ $37.00	Outperform ➝ Outperform
10/22/2026	IBM International Business Machines	Boost Price Target	$250.00	$230.00 ➝ $265.00	Market Perform ➝ Market Perform
10/22/2026	UAL United Airlines	Lower Price Target	$107.00	$140.00 ➝ $135.00	Outperform ➝ Outperform
10/22/2026	IART Integra LifeSciences	Reiterated Rating	$14.00	$15.00 ➝ $14.00	Market Perform ➝ Market Perform
10/22/2026	ALK Alaska Air Group	Set Price Target	$37.00	$50.00 ➝ $42.00	Outperform ➝ Outperform
10/22/2026	NKE NIKE	Reiterated Rating	$38.00		Underperform ➝ Underperform
10/22/2026	IGIFF IGM Financial	Upgrade	$59.00		Market Perform ➝ Outperform
10/22/2026	WGO Winnebago Industries	Lower Price Target	$31.00	$38.00 ➝ $33.00	Outperform ➝ Outperform
10/22/2026	IONS Ionis Pharmaceuticals	Upgrade	$40.00	$54.00 ➝ $66.00	Market Perform ➝ Outperform
10/22/2026	EXC Exelon	Lower Price Target	$46.00	$47.00 ➝ $45.00	Market Perform ➝ Market Perform
10/22/2026	PEG Public Service Enterprise Group	Lower Price Target	$73.00	$79.00 ➝ $77.00	Market Perform ➝ Market Perform
10/22/2026	XYZ Block	Upgrade	$76.00	$101.00	Market Perform ➝ Outperform
10/22/2026	IGM IGM Financial	Upgrade	C$82.00	C$83.00 ➝ C$96.00	Hold ➝ Outperform
10/22/2026	AEE Ameren	Boost Price Target	$110.00	$113.00 ➝ $115.00
10/22/2026	SAP SAP	Boost Price Target	$230.00	$235.00 ➝ $265.00	Outperform ➝ Outperform
10/21/2026	HQY HealthEquity	Boost Price Target	$102.00	$105.00 ➝ $125.00	Outperform ➝ Outperform