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	Impact on Share Price
5/18/2021	AGTI Agiliti	Initiated Coverage	$15.00	$18.00	Outperform	Medium
5/18/2021	TLS Telos	Lower Price Target	$31.00	$40.00 ➝ $38.00	Outperform	Low
5/18/2021	APLS Apellis Pharmaceuticals	Boost Price Target	$52.00	$64.00 ➝ $68.00	Outperform	Medium
5/18/2021	HRUFF H&R Real Estate Investment Trust	Boost Price Target	C$13.00	C$16.00 ➝ C$17.00	Outperform	N/A
5/18/2021	LWSCF Sienna Senior Living	Boost Price Target	C$13.00	C$14.25 ➝ C$16.00	Market Perform	N/A
5/18/2021	PARXF Parex Resources	Lower Price Target	C$17.00	C$32.00 ➝ C$30.00	Outperform	N/A
5/17/2021	PATH UiPath	Initiated Coverage	$74.00	$80.00	Market Perform	N/A
5/17/2021	KOD Kodiak Sciences	Lower Price Target	$85.00	$138.00 ➝ $104.00	Market Perform	N/A
5/17/2021	TSN Tyson Foods	Boost Price Target	$80.00	$78.00 ➝ $84.00	Outperform	N/A
5/17/2021	TREX Trex	Boost Price Target	$101.00	$92.00 ➝ $98.00	Market Perform	N/A
5/17/2021	CNC Centene	Boost Price Target	$70.00	$77.00 ➝ $88.00	Outperform	N/A
5/17/2021	ATVI Activision Blizzard	Upgrade	$95.00	$116.00	Market Perform ➝ Outperform	N/A
5/17/2021	VIAC ViacomCBS	Lower Price Target	$40.00	$55.00 ➝ $48.00	Market Perform	High
5/17/2021	PCRX Pacira BioSciences	Lower Price Target	$63.00	$72.00 ➝ $70.00	Market Perform	Low
5/17/2021	GLT Glatfelter	Lower Price Target	$14.00	$19.00 ➝ $17.00	Market Perform	High
5/17/2021	MIDD The Middleby	Boost Price Target	$171.00	$225.00 ➝ $250.00	Outperform	Low
5/17/2021	WFG West Fraser Timber	Boost Price Target	$76.00	$80.00 ➝ $99.00	Outperform	High
5/17/2021	WBT Welbilt	Boost Price Target	$21.00	$17.00 ➝ $25.00	Market Perform	Low
5/17/2021	VCTR Victory Capital	Boost Price Target	$30.00	$33.00 ➝ $36.00	Outperform	Low
5/17/2021	TIXT TELUS International (Cda)	Boost Price Target	$29.00	$34.00 ➝ $37.00	Outperform	Low
5/17/2021	SQ Square	Boost Price Target	$206.00	$237.00 ➝ $269.00	Market Perform	Medium
5/17/2021	RYN Rayonier	Boost Price Target	$38.00	$32.00 ➝ $36.00	Market Perform	Low
5/17/2021	POST Post	Boost Price Target	$117.00	$105.00 ➝ $120.00	Market Perform	Low
5/17/2021	PLZ.UN Plaza Retail REIT	Boost Price Target	C$4.00	C$3.75 ➝ C$4.00	Market Perform	N/A
5/17/2021	KRUS Kura Sushi USA	Boost Price Target	$37.00	$35.00 ➝ $42.00	Outperform	High
5/17/2021	IGM iShares North American Tech ETF	Boost Price Target	$369.00	$44.00 ➝ $47.00	Market Perform	N/A
5/17/2021	ICL ICL Group	Boost Price Target	$7.00	$5.25 ➝ $6.00	Market Perform	Low
5/17/2021	HMHC Houghton Mifflin Harcourt	Boost Price Target	$10.00	$8.00 ➝ $11.00	Market Perform	Low
5/17/2021	GRT.UN Granite Real Estate Investment Trust	Boost Price Target	C$81.00	C$85.00 ➝ C$89.00	Outperform	N/A
5/17/2021	GATO Gatos Silver	Boost Price Target	$14.00	$10.00 ➝ $11.50	Market Perform	High
5/17/2021	CI Cigna	Boost Price Target	$263.00	$300.00 ➝ $315.00	Outperform	Low
5/17/2021	BCC Boise Cascade	Boost Price Target	$66.00	$53.00 ➝ $60.00	Market Perform	Low
5/17/2021	ATH Athene	Boost Price Target	$62.00	$78.00 ➝ $83.00	Outperform	Low
5/17/2021	AMN AMN Healthcare Services	Boost Price Target	$90.00	$86.00 ➝ $95.00	Outperform	High
5/17/2021	CCO Clear Channel Outdoor	Reiterated Rating	$2.00		Outperform ➝ Market Perform	High
5/17/2021	CDPYF Canadian Apartment Properties Real Estate Investment Trust	Boost Price Target	C$48.00	C$59.00 ➝ C$62.00	Outperform	Low
5/17/2021	BSRTF BSR Real Estate Investment Trust	Boost Price Target	C$12.00	C$12.75 ➝ C$13.50	Outperform	Low
5/17/2021	NWHUF NorthWest Healthcare Properties Real Estate Investment Trust	Boost Price Target	C$11.00	C$13.25 ➝ C$13.75	Market Perform	Low
5/17/2021	SNCAF SNC-Lavalin Group	Boost Price Target	C$27.00	C$28.00 ➝ C$31.00	Market Perform	High
5/17/2021	SAWLF Shawcor	Lower Price Target	C$5.00	C$8.50 ➝ C$7.00	Market Perform	Low
5/17/2021	APR.UN Automotive Properties Real Est Invt TR	Boost Price Target	C$12.00	C$12.00 ➝ C$12.50		N/A
5/17/2021	CAR.UN Canadian Apartment Properties REIT	Boost Price Target	C$58.00	C$59.00 ➝ C$62.00		N/A
5/17/2021	MSI Morneau Shepell	Boost Price Target	C$32.00	C$38.00 ➝ C$40.00	NA	N/A
5/17/2021	SCL Shawcor	Lower Price Target	C$6.00	C$8.50 ➝ C$7.00	NA	N/A
5/17/2021	SNC SNC-Lavalin Group	Boost Price Target	C$32.00	C$28.00 ➝ C$31.00	NA	N/A
5/14/2021	ACB Aurora Cannabis	Upgrade	$7.00	$9.00 ➝ $8.00	Underperform ➝ Market Perform	High
5/14/2021	CUBE CubeSmart	Upgrade	$42.00	$45.00 ➝ $47.00	Market Perform ➝ Outperform	Low
5/14/2021	EXR Extra Space Storage	Downgrade	$145.00	$149.08 ➝ $160.00	Outperform ➝ Market Perform	Medium
5/14/2021	EA Electronic Arts	Boost Price Target	$140.00	$143.00 ➝ $150.00	Market Perform	Low
5/14/2021	NEWR New Relic	Lower Price Target	$60.00	$71.00 ➝ $58.00	Market Perform	High
5/14/2021	CCDBF CCL Industries	Boost Price Target	C$56.00	C$78.00 ➝ C$79.00	Outperform	High
5/14/2021	CIXX CI Financial	Boost Price Target	C$18.00	C$23.00 ➝ C$26.00	Outperform	Medium
5/14/2021	CRLFF Cardinal Energy	Boost Price Target	C$3.00	C$3.00 ➝ C$4.00	Outperform	High
5/14/2021	CDNAF Canadian Tire	Boost Price Target	C$174.00	C$178.00 ➝ C$223.00	Market Perform	High
5/14/2021	HMCBF Home Capital Group	Boost Price Target	C$30.00	C$36.00 ➝ C$40.00	Market Perform	Medium
5/14/2021	LEFUF Leon's Furniture	Boost Price Target	C$18.00	C$23.00 ➝ C$25.00	Market Perform	High
5/14/2021	SMMCF Summit Industrial Income REIT	Boost Price Target	C$13.00	C$15.00 ➝ C$16.75	Outperform	N/A
5/14/2021	SUUIF Superior Plus	Boost Price Target	C$12.00	C$12.50 ➝ C$14.00	Market Perform	Low
5/14/2021	CWYUF SmartCentres Real Estate Investment Trust	Boost Price Target	C$24.00	C$23.50 ➝ C$27.50	Market Perform	Low
5/14/2021	TAC TransAlta	Boost Price Target	C$9.00	C$11.50 ➝ C$12.00	Market Perform	Low
5/14/2021	UNIEF Uni-Select	Boost Price Target	C$11.00	C$17.00 ➝ C$18.00	Outperform	N/A
5/14/2021	WSPOF WSP Global	Boost Price Target	C$112.00	C$130.00 ➝ C$138.00	Market Perform	Low
5/14/2021	CNNEF Canacol Energy	Lower Price Target	C$3.00	C$5.00 ➝ C$4.50	Outperform	Low
5/14/2021	TRQ Turquoise Hill Resources	Lower Price Target	C$17.00	C$21.00 ➝ C$18.00	Market Perform	Medium
5/14/2021	TORXF Torex Gold Resources	Lower Price Target	C$14.00	C$30.00 ➝ C$29.00	Outperform	Medium
5/14/2021	CNE Canacol Energy	Lower Price Target	C$3.00	C$5.00 ➝ C$4.50	Outperform	N/A
5/14/2021	CTC.A Canadian Tire	Boost Price Target	C$211.00	C$178.00 ➝ C$223.00		N/A
5/14/2021	CJ Cardinal Energy	Boost Price Target	C$3.00	C$3.00 ➝ C$4.00	NA	N/A
5/14/2021	CCL.B CCL Industries	Boost Price Target	C$68.00	C$78.00 ➝ C$79.00		N/A
5/14/2021	CIX CI Financial	Boost Price Target	C$22.00	C$23.00 ➝ C$26.00	Outperform	N/A
5/14/2021	FIL Filo Mining	Boost Price Target	C$9.00	C$4.00 ➝ C$4.50		N/A
5/14/2021	HCG Home Capital Group	Boost Price Target	C$36.00	C$36.00 ➝ C$40.00	Underperform	N/A
5/14/2021	LNF Leon's Furniture	Boost Price Target	C$22.00	C$23.00 ➝ C$25.00	NA	N/A
5/14/2021	SRU.UN SmartCentres Real Estate Investment Trst	Boost Price Target	C$30.00	C$23.50 ➝ C$27.50		N/A
5/14/2021	SPB Superior Plus	Boost Price Target	C$15.00	C$12.50 ➝ C$14.00	NA	N/A
5/14/2021	TXG Torex Gold Resources	Lower Price Target	C$17.00	C$30.00 ➝ C$29.00	Hold	N/A
5/14/2021	TA TransAlta	Boost Price Target	C$11.00	C$11.50 ➝ C$12.00	Market Perform	N/A
5/14/2021	TRQ Turquoise Hill Resources	Lower Price Target	C$21.00		Strong-Buy	N/A
5/14/2021	UNS Uni-Select	Boost Price Target	C$15.00	C$17.00 ➝ C$18.00	Outperform	N/A
5/14/2021	WSP WSP Global	Boost Price Target	C$133.00	C$130.00 ➝ C$138.00	Market Perform	N/A
5/14/2021	NUE Nucor	Boost Price Target	$104.00	$86.00 ➝ $110.00	Market Perform	Low
5/14/2021	GRA W. R. Grace & Co.	Downgrade	$69.00	$70.00	Outperform ➝ Market Perform	Low
5/13/2021	BIREF Birchcliff Energy	Upgrade	$3.00		Market Perform ➝ Outperform	High
5/13/2021	DE Deere & Company	Downgrade	$373.00	$400.00	Outperform ➝ Market Perform	Medium
5/13/2021	DAR Darling Ingredients	Boost Price Target	$73.00	$72.00 ➝ $82.00	Market Perform	High
5/13/2021	VER VEREIT	Reiterated Rating	$45.00	$45.00 ➝ $48.00	Outperform ➝ Market Perform	Low
5/13/2021	NLSN Nielsen	Boost Price Target	$28.00	$30.00 ➝ $33.00	Outperform	Low
5/13/2021	BMBL Bumble	Lower Price Target	$43.00	$65.00 ➝ $55.00	Positive ➝ Market Perform	High
5/13/2021	BIR Birchcliff Energy	Upgrade	C$4.00	C$3.70 ➝ C$4.25	Market Perform ➝ Outperform	N/A
5/13/2021	BYD Boyd Group Services	Lower Price Target	C$205.00	C$263.00 ➝ C$248.00		N/A
5/13/2021	DND Dye & Durham	Lower Price Target	C$42.00	C$55.00 ➝ C$53.00		N/A
5/13/2021	GGD GoGold Resources	Boost Price Target	C$3.00	C$3.50 ➝ C$3.60		N/A
5/13/2021	IFC Intact Financial	Boost Price Target	C$159.00	C$185.00 ➝ C$190.00		N/A
5/13/2021	IIP.UN Interrent Real Estate Investment Trust	Boost Price Target	C$16.00	C$16.00 ➝ C$16.50		N/A
5/13/2021	ITP Intertape Polymer Group	Boost Price Target	C$30.00	C$35.00 ➝ C$37.00		N/A
5/13/2021	NPI Northland Power	Lower Price Target	C$39.00	C$48.00 ➝ C$42.00		N/A
5/13/2021	STEP STEP Energy Services	Lower Price Target	C$1.00	C$2.00 ➝ C$1.75		N/A
5/13/2021	TOT Total Energy Services	Lower Price Target	C$4.00	C$5.00 ➝ C$4.75		N/A
5/13/2021	GLGDF GoGold Resources	Boost Price Target	$2.00	$3.50 ➝ $3.60	Outperform	High
5/13/2021	IFCZF Intact Financial	Boost Price Target	$133.00	$185.00 ➝ $190.00	Outperform	Low