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
RatingImpact on
Share Price
12/8/2023
CASY
Casey's General Stores
Downgrade$268.00 $290.00Outperform ➝ Market PerformLow
12/8/2023
ADBE
Adobe
Boost Price Target$610.00$670.00 ➝ $690.00Outperform ➝ OutperformLow
12/8/2023
SMAR
Smartsheet
Boost Price Target$44.00$50.00 ➝ $52.00Outperform ➝ OutperformLow
12/8/2023
DPZ
Domino's Pizza
Boost Price Target$395.00$455.00 ➝ $475.00Outperform ➝ OutperformLow
12/8/2023
LULU
Lululemon Athletica
Boost Price Target$490.00$376.00 ➝ $408.00Market Perform ➝ Market PerformLow
12/8/2023
FL
Frontier Lithium
Reiterated RatingC$1.00Market PerformN/A
12/8/2023
LB
Laurentian Bank of Canada
Lower Price TargetC$26.00C$43.00 ➝ C$33.00Market PerformN/A
12/8/2023
SGY
Surge Energy
Lower Price TargetC$7.00C$11.00 ➝ C$9.00N/A
12/7/2023
LCII
LCI Industries
Initiated Coverage$116.00 $105.00Market PerformLow
12/7/2023
PATK
Patrick Industries
Initiated Coverage$88.00 $105.00OutperformLow
12/7/2023
MCD
McDonald's
Boost Price Target$286.00$325.00 ➝ $335.00Outperform ➝ OutperformLow
12/7/2023
BLDR
Builders FirstSource
Boost Price Target$148.00$135.00 ➝ $150.00Market Perform ➝ Market PerformLow
12/7/2023
GROY
Gold Royalty
Lower Price Target$1.00$3.50 ➝ $3.00Market Perform ➝ Market PerformN/A
12/7/2023
THO
THOR Industries
Boost Price Target$108.00$115.00 ➝ $120.00Outperform ➝ OutperformLow
12/7/2023
ATH
Athabasca Oil
Lower Price TargetC$4.00C$4.75 ➝ C$4.50Market PerformN/A
12/7/2023
ET
Evertz Technologies
Boost Price TargetC$14.00C$15.50 ➝ C$16.00N/A
12/7/2023
LUG
Lundin Gold
Lower Price TargetC$16.00C$21.00 ➝ C$20.00N/A
12/7/2023
TVE
Tamarack Valley Energy
Lower Price TargetC$3.00C$4.50 ➝ C$4.25Market PerformN/A
12/5/2023
SBSW
Sibanye Stillwater
Downgrade$5.00$11.00 ➝ $6.00Outperform ➝ Market PerformLow
12/5/2023
AVDX
AvidXchange
Initiated Coverage$11.00 $11.00Market PerformLow
12/5/2023
FI
Fiserv
Initiated Coverage$132.00 $152.00OutperformLow
12/5/2023
FLT
FLEETCOR Technologies
Initiated Coverage$256.00 $300.00OutperformLow
12/5/2023
GPN
Global Payments
Initiated Coverage$120.00$180.00 ➝ $138.00Outperform ➝ Market PerformLow
12/5/2023
HG
Hamilton Insurance Group
Initiated Coverage$15.00 $18.00OutperformLow
12/5/2023
IIIV
i3 Verticals
Initiated Coverage$20.00 $24.00Market PerformLow
12/5/2023
NVEI
Nuvei
Initiated Coverage$24.00$45.00 ➝ $30.00OutperformLow
12/5/2023
RPAY
Repay
Initiated Coverage$8.00 $9.00Market PerformLow
12/5/2023
WU
Western Union
Initiated Coverage$12.00 $12.00Market PerformLow
12/5/2023
V
Visa
Initiated Coverage$256.00 $280.00OutperformLow
12/5/2023
PYPL
PayPal
Reiterated Rating$59.00 $65.00Market PerformLow
12/5/2023
SQ
Block
Reiterated Rating$69.00$93.00 ➝ $84.00OutperformLow
12/5/2023
HPP
Hudson Pacific Properties
Boost Price Target$8.00$10.00 ➝ $11.00Outperform ➝ OutperformLow
12/5/2023
IMXI
International Money Express
Reiterated Rating$21.00$28.00 ➝ $30.00OutperformLow
12/5/2023
MA
Mastercard
Reiterated Rating$412.00 $475.00OutperformLow
12/5/2023
SLG
SL Green Realty
Boost Price Target$42.00$34.00 ➝ $44.00Market Perform ➝ Market PerformLow
12/4/2023
DTE
DTE Energy
Boost Price Target$109.00$107.00 ➝ $111.00Market Perform ➝ Market PerformLow
12/4/2023
CSTM
Constellium
Boost Price Target$18.00$22.00 ➝ $25.00Outperform ➝ OutperformLow
12/4/2023
FM
First Quantum Minerals
Lower Price TargetC$10.00C$28.50 ➝ C$20.00OutperformN/A
12/4/2023
FNV
Franco-Nevada
Lower Price TargetC$147.00C$214.00 ➝ C$200.00N/A
12/1/2023
IMGN
ImmunoGen
Reiterated Rating$29.00 $31.00Outperform ➝ Market PerformLow
12/1/2023
GATO
Gatos Silver
Reiterated Rating$6.00 $6.25Market PerformLow
12/1/2023
PVH
PVH
Boost Price Target$108.00$90.00 ➝ $107.00Market Perform ➝ Market PerformLow
12/1/2023
PATH
UiPath
Boost Price Target$25.00$19.00 ➝ $24.00Market Perform ➝ Market PerformLow
12/1/2023
IOT
Samsara
Boost Price Target$34.00$28.00 ➝ $32.00Market Perform ➝ Market PerformLow
12/1/2023
DOO
BRP
Lower Price TargetC$83.00C$150.00 ➝ C$115.00OutperformN/A
12/1/2023
CM
Canadian Imperial Bank of Commerce
Boost Price TargetC$58.00C$65.00 ➝ C$67.00OutperformN/A
12/1/2023
RSI
Rogers Sugar
Lower Price TargetC$5.00C$6.50 ➝ C$6.00Market PerformN/A
12/1/2023
RY
Royal Bank of Canada
Boost Price TargetC$125.00C$132.00 ➝ C$140.00Market PerformN/A
12/1/2023
TD
Toronto-Dominion Bank
Boost Price TargetC$81.00C$83.00 ➝ C$86.00Market PerformN/A
12/1/2023
TXG
Torex Gold Resources
Set Price TargetC$14.00 C$21.50OutperformN/A
11/30/2023
HUBS
HubSpot
Boost Price Target$502.00$520.00 ➝ $540.00Outperform ➝ OutperformLow
11/30/2023
OKTA
Okta
Lower Price Target$72.00$90.00 ➝ $80.00Market Perform ➝ Market PerformLow
11/30/2023
CRM
Salesforce
Boost Price Target$251.00$252.00 ➝ $277.00Outperform ➝ OutperformLow
11/30/2023
VSCO
Victoria's Secret & Co.
Boost Price Target$26.00$23.00 ➝ $29.00Outperform ➝ OutperformLow
11/30/2023
FLNC
Fluence Energy
Boost Price Target$22.00$24.00 ➝ $27.00Market Perform ➝ Market PerformLow
11/30/2023
CLS
Celestica
Boost Price Target$27.00$27.00 ➝ $32.00Outperform ➝ OutperformLow
11/30/2023
AZEK
AZEK
Boost Price Target$35.00$37.00 ➝ $39.00Outperform ➝ OutperformLow
11/30/2023
CHP.UN
Choice Properties Real Est Invstmnt Trst
Set Price TargetC$13.00 C$15.00OutperformN/A
11/30/2023
CRR.UN
Crombie Real Estate Investment Trust
Set Price TargetC$13.00 C$14.50OutperformN/A
11/30/2023
CRT.UN
CT Real Estate Investment Trust
Set Price TargetC$14.00 C$14.50Market PerformN/A
11/30/2023
FCR.UN
First Capital Realty
Set Price TargetC$14.00 C$16.00OutperformN/A
11/30/2023
REI.UN
RioCan Real Estate Investment Trust
Set Price TargetC$18.00 C$18.50Market PerformN/A
11/30/2023
SRU.UN
SmartCentres Real Estate Investment Trst
Set Price TargetC$24.00 C$24.00Market PerformN/A
11/30/2023
STN
Stantec
Boost Price TargetC$105.00C$104.00 ➝ C$107.00N/A
11/29/2023
WDAY
Workday
Boost Price Target$273.00$260.00 ➝ $290.00Outperform ➝ OutperformLow
11/29/2023
BNS
Bank of Nova Scotia
Lower Price Target$45.00$73.00 ➝ $68.00Market Perform ➝ Market PerformLow
11/29/2023
OTEX
Open Text
Boost Price Target$40.00$45.00 ➝ $48.00Outperform ➝ OutperformLow
11/29/2023
INTU
Intuit
Boost Price Target$574.00$605.00 ➝ $640.00Outperform ➝ OutperformLow
11/29/2023
CPX
Capital Power
Lower Price TargetC$38.00C$42.00 ➝ C$40.00Market PerformN/A
11/29/2023
IVN
Ivanhoe Mines
Boost Price TargetC$13.00C$17.00 ➝ C$18.00N/A
11/29/2023
BNS
Bank of Nova Scotia
Lower Price TargetC$61.00C$73.00 ➝ C$68.00Market PerformN/A
11/28/2023
FIHL
Fidelis Insurance
Lower Price Target$12.00$17.00 ➝ $15.00Market Perform ➝ Market PerformLow
11/28/2023
ZS
Zscaler
Boost Price Target$199.00$195.00 ➝ $200.00Outperform ➝ OutperformLow
11/28/2023
CRWD
CrowdStrike
Boost Price Target$243.00$227.00 ➝ $238.00Outperform ➝ OutperformLow
11/28/2023
ARIS
Aris Water Solutions
Boost Price Target$8.00$6.00 ➝ $6.50Outperform ➝ OutperformLow
11/24/2023
SGML
Sigma Lithium
Lower Price Target$29.00$44.00 ➝ $40.00Outperform ➝ OutperformLow
11/23/2023
CGX
Cineplex
Lower Price TargetC$8.00C$12.50 ➝ C$11.50Market PerformN/A
11/23/2023
FM
First Quantum Minerals
Boost Price TargetC$10.00C$28.00 ➝ C$28.50OutperformN/A
11/22/2023
SAIA
Saia
Initiated Coverage$392.00 $450.00Market PerformLow
11/22/2023
NVDA
NVIDIA
Boost Price Target$475.00$600.00 ➝ $650.00Outperform ➝ OutperformLow
11/22/2023
CIGI
Colliers International Group
Boost Price Target$110.00$107.00 ➝ $129.00Outperform ➝ OutperformLow
11/21/2023
NRG
NRG Energy
Boost Price Target$48.00$46.00 ➝ $49.00Market Perform ➝ Market PerformLow
11/21/2023
FM
First Quantum Minerals
Lower Price TargetC$10.00C$30.00 ➝ C$28.00N/A
11/21/2023
FNV
Franco-Nevada
Lower Price TargetC$147.00C$219.00 ➝ C$214.00OutperformN/A
11/21/2023
FM
iShares Frontier and Select EM ETF
Lower Price Target$26.00$30.00 ➝ $28.00Outperform ➝ OutperformN/A
11/21/2023
CRM
Salesforce
Lower Price Target$251.00$262.00 ➝ $252.00Outperform ➝ OutperformLow
11/21/2023
LAAC
Lithium Americas (Argentina)
Lower Price Target$6.00$7.50 ➝ $7.00Market Perform ➝ Market PerformLow
11/21/2023
FNV
Franco-Nevada
Lower Price Target$109.00$219.00 ➝ $214.00Outperform ➝ OutperformLow
11/17/2023
ARCH
Arch Resources
Boost Price Target$164.00$170.00 ➝ $175.00Outperform ➝ OutperformLow
11/17/2023
APR.UN
Automotive Properties Real Est Invt TR
Lower Price TargetC$10.00C$12.50 ➝ C$11.50Market Perform ➝ Market PerformN/A
11/17/2023
NAPA
Duckhorn Portfolio
Lower Price Target$9.00$14.00 ➝ $13.00Market Perform ➝ Market PerformLow
11/17/2023
SQM
Sociedad Química y Minera de Chile
Lower Price Target$51.00$80.00 ➝ $75.00Outperform ➝ OutperformLow
11/17/2023
WMT
Walmart
Lower Price Target$151.00$180.00 ➝ $175.00Outperform ➝ OutperformLow
11/17/2023
ROST
Ross Stores
Boost Price Target$132.00$127.00 ➝ $138.00Outperform ➝ OutperformLow
11/17/2023
GPS
GAP
Boost Price Target$22.00$8.00 ➝ $14.00Market Perform ➝ Market PerformLow
11/17/2023
FVI
Fortuna Silver Mines
Set Price TargetC$5.00 C$5.50OutperformN/A
11/16/2023
VOXR
Vox Royalty
Initiated Coverage$2.00 $3.00OutperformLow
11/16/2023
NXR.UN
Nexus Industrial REIT
Lower Price TargetC$8.00C$10.00 ➝ C$8.50Market Perform ➝ Market PerformN/A
11/16/2023
PANW
Palo Alto Networks
Lower Price Target$298.00$300.00 ➝ $283.00Outperform ➝ OutperformLow
11/16/2023
TGT
Target
Boost Price Target$135.00$120.00 ➝ $130.00Market Perform ➝ Market PerformLow