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
1/22/2026
PLD
Prologis
Reiterated Rating$127.00 $123.00Market Perform ➝ Market Perform
1/22/2026
UAL
United Airlines
Reiterated Rating$110.00 $132.50Outperform ➝ Outperform
1/22/2026
BSY
Bentley Systems
Initiated Coverage$39.00 $48.00Outperform
1/22/2026
HAL
Halliburton
Boost Price Target$34.00$36.00 ➝ $39.00Market Perform ➝ Market Perform
1/22/2026
ELD
Eldorado Gold
Boost Price TargetC$62.00C$59.00 ➝ C$74.00
1/22/2026
FFH
Fairfax Financial
DowngradeC$2,308.00C$2,600.00 ➝ C$2,500.00Outperform ➝ Neutral
1/21/2026
FRFHF
Fairfax Financial
Downgrade$1,678.00Outperform ➝ Market Perform
1/21/2026
GMINF
G Mining Ventures
Reiterated Rating$36.00Outperform ➝ Outperform
1/21/2026
BDRBF
Bombardier
Reiterated Rating$194.00Outperform ➝ Outperform
1/21/2026
BBD.B
Bombardier, Inc. Class B
Boost Price TargetC$267.00C$240.00 ➝ C$300.00Outperform
1/21/2026
NFLX
Netflix
Lower Price Target$84.00$143.00 ➝ $135.00Outperform ➝ Outperform
1/21/2026
NOW
ServiceNow
Lower Price Target$129.00$230.00 ➝ $175.00Outperform ➝ Outperform
1/21/2026
IBKR
Interactive Brokers Group
Boost Price Target$77.00$80.00 ➝ $82.00Outperform ➝ Outperform
1/21/2026
ENTG
Entegris
Boost Price Target$119.00$105.00 ➝ $126.00Outperform ➝ Outperform
1/20/2026
CGAU
Centerra Gold
Upgrade$18.00Hold ➝ Outperform
1/20/2026
EQB
EQB
UpgradeC$108.00C$108.00 ➝ C$130.00Hold ➝ Outperform
1/20/2026
CG
Centerra Gold
UpgradeC$25.00Hold ➝ Outperform
1/20/2026
ALB
Albemarle
Boost Price Target$188.00$145.00 ➝ $210.00Outperform ➝ Outperform
1/20/2026
GS
The Goldman Sachs Group
Boost Price Target$954.00$980.00 ➝ $985.00Market Perform ➝ Market Perform
1/19/2026
EQGPF
EQB
Upgrade$82.00Market Perform ➝ Outperform
1/19/2026
CDDRF
Headwater Exploration
Reiterated Rating$8.00Outperform ➝ Outperform
1/19/2026
EXK
Endeavour Silver
Reiterated Rating$14.00Outperform ➝ Outperform
1/19/2026
CC
Chemours
Reiterated Rating$16.00 $20.00Outperform ➝ Outperform
1/16/2026
SVM
Silvercorp Metals
Reiterated Rating$12.00Outperform ➝ Outperform
1/16/2026
FSM
Fortuna Mining
Reiterated Rating$11.00Outperform ➝ Outperform
1/16/2026
CSCCF
Capstone Copper
Reiterated Rating$10.00Outperform ➝ Outperform
1/16/2026
CGEAF
Cogeco Communications
Reiterated Rating$51.00Market Perform ➝ Market Perform
1/16/2026
AG
First Majestic Silver
Reiterated Rating$24.00Market Perform ➝ Market Perform
1/16/2026
JBHT
J.B. Hunt Transport Services
Reiterated Rating$211.00Outperform ➝ Outperform
1/16/2026
PAYC
Paycom Software
Reiterated Rating$152.00 $175.00Market Perform ➝ Market Perform
1/16/2026
BDGI
Badger Infrastructure Solutions
Boost Price TargetC$81.00C$82.00 ➝ C$85.00
1/16/2026
BDI
Black Diamond Group
Boost Price TargetC$16.00C$18.00 ➝ C$20.00
1/16/2026
FVI
Fortuna Silver Mines
Boost Price TargetC$16.00C$15.00 ➝ C$17.00
1/16/2026
SVM
Silvercorp Metals
Boost Price TargetC$17.00C$13.00 ➝ C$17.50
1/15/2026
TFPM
Triple Flag Precious Metals
Reiterated Rating$39.00Market Perform ➝ Market Perform
1/15/2026
CGJTF
Cargojet
Reiterated Rating$69.00Market Perform ➝ Market Perform
1/15/2026
ABBV
AbbVie
Reiterated Rating$218.00 $258.00Outperform ➝ Outperform
1/15/2026
PGR
Progressive
Lower Price Target$207.00$253.00 ➝ $239.00Market Perform ➝ Market Perform
1/15/2026
INFY
American Noble Gas
Boost Price Target$18.00$18.00 ➝ $20.00Market Perform ➝ Market Perform
1/15/2026
AMN
AMN Healthcare Services
Boost Price Target$20.00$22.00 ➝ $25.00Outperform ➝ Outperform
1/14/2026
TGB
Taseko Mines
Reiterated Rating$7.00Outperform ➝ Outperform
1/14/2026
AYASF
Aya Gold & Silver
Reiterated Rating$18.00Outperform ➝ Outperform
1/14/2026
NVO
Novo Nordisk A/S
Reiterated Rating$62.00Market Perform ➝ Market Perform
1/14/2026
SGML
Sigma Lithium
Reiterated Rating$13.00 $18.00Outperform ➝ Outperform
1/14/2026
LLY
Eli Lilly and Company
Reiterated Rating$1,088.00Outperform ➝ Outperform
1/14/2026
DAL
Delta Air Lines
Reiterated Rating$69.00Outperform ➝ Outperform
1/14/2026
WMT
Walmart
Reiterated Rating$118.00Outperform ➝ Outperform
1/14/2026
NFLX
Netflix
Reiterated Rating$84.00$143.00 ➝ $135.00Outperform ➝ Outperform
1/14/2026
PXED
Phoenix Education Partners
Set Price Target$32.00 $39.00
1/14/2026
AYA
Aya Gold & Silver
Lower Price TargetC$25.00C$33.00 ➝ C$29.00
1/14/2026
FCX
Freeport-McMoRan
Boost Price Target$59.00$55.00 ➝ $68.00Outperform ➝ Outperform
1/13/2026
NGXXF
NGEx Minerals
Reiterated Rating$19.00Outperform ➝ Outperform
1/13/2026
LUGDF
Lundin Gold
Reiterated Rating$86.00Market Perform ➝ Market Perform
1/13/2026
GILD
Gilead Sciences
Reiterated Rating$131.00Outperform ➝ Outperform
1/13/2026
AJG
Arthur J. Gallagher & Co.
Downgrade$250.00$289.00 ➝ $275.00Outperform ➝ Market Perform
1/13/2026
OGE
OGE Energy
Initiated Coverage$43.00 $45.00Market Perform
1/13/2026
LNT
Alliant Energy
Upgrade$67.00$70.00 ➝ $71.00Market Perform ➝ Outperform
1/13/2026
CNP
CenterPoint Energy
Upgrade$39.00 $42.00Market Perform ➝ Outperform
1/13/2026
LUG
Lundin Gold
Boost Price TargetC$119.00C$118.00 ➝ C$125.00
1/13/2026
OGE
OGE Energy
Initiated Coverage$43.00 $45.00Market Perform
1/13/2026
TROW
T. Rowe Price Group
Boost Price Target$107.00$108.00 ➝ $110.00Market Perform ➝ Market Perform
1/13/2026
BLK
BlackRock
Lower Price Target$1,139.00$1,300.00 ➝ $1,250.00Outperform ➝ Outperform
1/13/2026
DUK
Duke Energy
Lower Price Target$118.00$136.00 ➝ $130.00Outperform ➝ Outperform
1/13/2026
AEP
American Electric Power
Lower Price Target$117.00$126.00 ➝ $123.00Market Perform ➝ Market Perform
1/12/2026
MRNA
Moderna
Upgrade$52.00Market Perform ➝ Buy
1/12/2026
DUOL
Duolingo
Upgrade$154.00Buy
1/12/2026
MDLN
Medline
Initiated Coverage$46.00 $45.00Outperform
1/12/2026
VST
Vistra
Boost Price Target$160.00$230.00 ➝ $244.00Outperform ➝ Outperform
1/12/2026
MDLN
Medline
Initiated Coverage$46.00 $45.00Outperform
1/12/2026
DVN
Devon Energy
Lower Price Target$38.00$48.00 ➝ $45.00Outperform
1/12/2026
EOG
EOG Resources
Lower Price Target$106.00$126.00 ➝ $120.00Outperform ➝ Outperform
1/12/2026
EQT
EQT
Lower Price Target$55.00$65.00 ➝ $60.00Outperform ➝ Outperform
1/12/2026
HAL
Halliburton
Boost Price Target$34.00$31.00 ➝ $36.00Market Perform ➝ Market Perform
1/12/2026
MPC
Marathon Petroleum
Lower Price Target$176.00$208.00 ➝ $200.00Outperform ➝ Outperform
1/12/2026
OXY
Occidental Petroleum
Lower Price Target$43.00$50.00 ➝ $48.00Market Perform ➝ Market Perform
1/9/2026
STZ
Constellation Brands
Reiterated Rating$160.00 $190.00Outperform ➝ Outperform
1/9/2026
OLN
Olin
Set Price Target$24.00 $25.00
1/9/2026
CRGY
Crescent Energy
Initiated Coverage$9.00 $10.00Market Perform
1/9/2026
MGY
Magnolia Oil & Gas
Initiated Coverage$24.00 $27.00Outperform
1/9/2026
ADBE
Adobe
Downgrade$300.00$400.00 ➝ $375.00Outperform ➝ Market Perform
1/9/2026
AMT
American Tower
Downgrade$177.00$210.00 ➝ $185.00Outperform ➝ Market Perform
1/9/2026
ESS
Essex Property Trust
Downgrade$253.00$305.00 ➝ $280.00Outperform ➝ Market Perform
1/9/2026
OHI
Omega Healthcare Investors
Downgrade$43.00 $45.00Outperform ➝ Market Perform
1/9/2026
IRT
Independence Realty Trust
Upgrade$17.00$20.00 ➝ $22.00Market Perform ➝ Outperform
1/9/2026
EQR
Equity Residential
Downgrade$61.00$70.00 ➝ $68.00Outperform ➝ Market Perform
1/9/2026
HPP
Hudson Pacific Properties
Downgrade$9.00$16.00 ➝ $11.00Outperform ➝ Market Perform
1/9/2026
CHE.UN
Chemtrade Logistics Income Fund
Lower Price TargetC$15.00C$20.00 ➝ C$18.50Outperform
1/9/2026
KEY
Keyera
Lower Price TargetC$44.00C$54.00 ➝ C$51.00Outperform
1/9/2026
CRGY
Crescent Energy
Initiated Coverage$9.00 $10.00Market Perform
1/9/2026
CTRE
CareTrust REIT
Upgrade$36.00 $43.00Hold ➝ Outperform
1/9/2026
MGY
Magnolia Oil & Gas
Initiated Coverage$24.00 $27.00Outperform
1/9/2026
MAR
Marriott International
Upgrade$322.00$285.00 ➝ $370.00Market Perform ➝ Outperform
1/9/2026
AMH
American Homes 4 Rent
Reiterated Rating$32.00 $37.00Outperform ➝ Market Perform
1/9/2026
MAA
Mid-America Apartment Communities
Upgrade$135.00$150.00 ➝ $158.00Hold ➝ Outperform
1/9/2026
HLT
Hilton Worldwide
Boost Price Target$296.00$275.00 ➝ $320.00Market Perform ➝ Market Perform
1/9/2026
CCI
Crown Castle
Lower Price Target$86.00$107.00 ➝ $97.00Outperform ➝ Outperform
1/8/2026
RPM
RPM International
Lower Price Target$111.00$152.00 ➝ $149.00Outperform ➝ Outperform
1/8/2026
CVX
Chevron
Reiterated Rating$166.00Outperform ➝ Outperform
1/8/2026
TREX
Trex
Reiterated Rating$43.00 $54.00Outperform ➝ Outperform
1/8/2026
BCC
Boise Cascade
Reiterated Rating$85.00Outperform ➝ Outperform