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
11/26/2021
RSGUF
Rogers Sugar
Boost Price TargetC$4.00C$5.75 ➝ C$6.00Market PerformLow
11/26/2021
RSI
Rogers Sugar
Boost Price TargetC$6.00C$5.75 ➝ C$6.00N/A
11/26/2021
SOUHY
South32
Reiterated Rating$13.00Market PerformLow
11/25/2021
LSPD
Lightspeed POS
Set Price TargetC$69.00 C$96.00OutperformN/A
11/24/2021
VMW
VMware
Lower Price Target$122.00$172.00 ➝ $135.00Market PerformHigh
11/24/2021
DLTR
Dollar Tree
Boost Price Target$141.00$97.00 ➝ $155.00Market PerformLow
11/23/2021
LUNMF
Lundin Mining
Lower Price TargetC$8.00C$16.50 ➝ C$15.00Market PerformLow
11/23/2021
EFRTF
Nexus Real Estate Investment Trust
Boost Price TargetC$10.00C$13.25 ➝ C$13.80OutperformLow
11/23/2021
ADI
Analog Devices
Boost Price Target$178.00$190.00 ➝ $220.00OutperformHigh
11/22/2021
SLS
SELLAS Life Sciences Group
Initiated CoverageC$13.00 C$18.00BuyN/A
11/22/2021
HCHDF
Hochschild Mining
Downgrade$2.00Outperform ➝ Market PerformHigh
11/22/2021
HBM
Hudbay Minerals
Boost Price TargetC$7.00C$17.50 ➝ C$18.00OutperformHigh
11/22/2021
SLSSF
Solaris Resources
Initiated Coverage$10.00 $18.00OutperformMedium
11/22/2021
AIP
Arteris
Initiated Coverage$26.00 $24.00Market PerformHigh
11/22/2021
NVDA
NVIDIA
Boost Price Target$315.00$250.00 ➝ $375.00High
11/21/2021
XEL
Xcel Energy
Upgrade$65.00$68.00 ➝ $70.00Market Perform ➝ OutperformHigh
11/19/2021
SQM
Sociedad Química y Minera de Chile
Boost Price Target$64.00$65.00 ➝ $80.00Average ➝ OutperformHigh
11/19/2021
CTSH
Cognizant Technology Solutions
Boost Price Target$78.00$86.00 ➝ $92.00OutperformLow
11/19/2021
WNGRF
George Weston
Boost Price TargetC$110.00C$138.00 ➝ C$150.00Market PerformLow
11/19/2021
PANW
Palo Alto Networks
Boost Price Target$533.00$560.00 ➝ $615.00OutperformHigh
11/19/2021
REGN
Regeneron Pharmaceuticals
Initiated Coverage$643.00 $780.00OutperformLow
11/18/2021
FOM
Foran Mining
Boost Price TargetC$3.00C$2.75 ➝ C$3.00N/A
11/18/2021
CIA
Champion Iron
Lower Price TargetC$4.00C$6.50 ➝ C$6.00N/A
11/18/2021
RLLMF
Real Matters
Lower Price TargetC$7.00C$15.00 ➝ C$9.00Market PerformLow
11/18/2021
AVAH
Aveanna Healthcare
Lower Price Target$7.00$17.00 ➝ $12.00OutperformHigh
11/18/2021
REAL
Real Matters
Lower Price TargetC$8.00C$15.00 ➝ C$9.00N/A
11/18/2021
HBM
Hudbay Minerals
Boost Price TargetC$9.00C$15.50 ➝ C$17.50N/A
11/18/2021
FIL
Filo Mining
Boost Price TargetC$9.00C$13.00 ➝ C$16.00N/A
11/18/2021
LUN
Lundin Mining
Boost Price TargetC$10.00C$15.00 ➝ C$16.50N/A
11/18/2021
CADL
Candel Therapeutics
Initiated Coverage$10.00 $18.00OutperformHigh
11/18/2021
HLNFF
High Liner Foods
Upgrade$11.00Market Perform ➝ OutperformLow
11/18/2021
HLF
High Liner Foods
UpgradeC$14.00C$15.50 ➝ C$18.50Market Perform ➝ BuyN/A
11/18/2021
TRQ
Turquoise Hill Resources
Boost Price TargetC$18.00C$12.00 ➝ C$13.00N/A
11/18/2021
ERO
Ero Copper
Boost Price TargetC$21.00C$29.00 ➝ C$30.00N/A
11/18/2021
FM
First Quantum Minerals
Boost Price TargetC$27.00C$32.50 ➝ C$35.00N/A
11/18/2021
TECK.B
Teck Resources
Boost Price TargetC$33.00C$54.00 ➝ C$56.00N/A
11/18/2021
CCO
Cameco
Boost Price TargetC$31.00C$28.00 ➝ C$32.00N/A
11/18/2021
LAC
Lithium Americas
Boost Price TargetC$45.00C$22.00 ➝ C$30.00N/A
11/18/2021
PFE
Pfizer
Initiated Coverage$54.00 $60.00OutperformHigh
11/18/2021
BMY
Bristol-Myers Squibb
Initiated Coverage$57.00 $72.00OutperformHigh
11/18/2021
INCY
Incyte
Initiated Coverage$68.00 $75.00Market PerformLow
11/18/2021
GILD
Gilead Sciences
Upgrade$70.00$72.00 ➝ $85.00Market Perform ➝ OutperformMedium
11/18/2021
LBLCF
Loblaw Companies
Boost Price TargetC$76.00C$85.00 ➝ C$100.00Market PerformHigh
11/18/2021
MRK
Merck & Co., Inc.
Initiated Coverage$79.00 $91.00Market PerformHigh
11/18/2021
NBIX
Neurocrine Biosciences
Initiated Coverage$87.00 $76.00UnderperformLow
11/18/2021
L
Loblaw Companies
Boost Price TargetC$96.00C$85.00 ➝ C$100.00N/A
11/18/2021
MRTX
Mirati Therapeutics
Initiated Coverage$137.00 $187.00OutperformLow
11/18/2021
VRTX
Vertex Pharmaceuticals
Initiated Coverage$184.00 $202.00Market PerformMedium
11/18/2021
AMGN
Amgen
Initiated Coverage$201.00 $228.00Market PerformLow
11/18/2021
BIIB
Biogen
Initiated Coverage$243.00 $315.00OutperformLow
11/18/2021
ENPH
Enphase Energy
Boost Price Target$247.00$220.00 ➝ $284.00OutperformLow
11/18/2021
LLY
Eli Lilly and
Initiated Coverage$260.00 $311.00OutperformMedium
11/18/2021
WDAY
Workday
Boost Price Target$278.00$295.00 ➝ $355.00Positive ➝ Market PerformMedium
11/18/2021
FRFHF
Fairfax Financial
Boost Price TargetC$446.00C$650.00 ➝ C$665.00Market PerformMedium
11/18/2021
FFH
Fairfax Financial
Boost Price TargetC$569.00C$650.00 ➝ C$665.00N/A
11/18/2021
EQIX
Equinix
Initiated Coverage$794.00 $874.00BuyLow
11/17/2021
AOTVF
Ascot Resources
Boost Price TargetC$1.00C$1.50 ➝ C$1.75OutperformMedium
11/17/2021
AOT
Ascot Resources
Boost Price TargetC$1.00C$1.50 ➝ C$1.75N/A
11/17/2021
AOIFF
Africa Oil
Boost Price TargetC$1.00C$2.50 ➝ C$2.75OutperformLow
11/17/2021
OPTN
OptiNose
Lower Price Target$2.00$16.00 ➝ $9.00OutperformLow
11/17/2021
NEXT
NextSource Materials
Set Price TargetC$3.00 C$7.00OutperformN/A
11/17/2021
CMP
Compass Minerals International
Initiated Coverage$51.00 $54.00HoldLow
11/17/2021
SUI
Sun Communities
Initiated Coverage$197.00 $224.00BuyHigh
11/16/2021
NSRCF
NextSource Materials
Initiated Coverage$2.00OutperformHigh
11/16/2021
NMG
Nouveau Monde Graphite
Initiated Coverage$8.00Market PerformHigh
11/16/2021
LWSCF
Sienna Senior Living
Boost Price TargetC$11.00C$16.50 ➝ C$17.00Market PerformLow
11/16/2021
NWH.UN
NorthWest Health Prop Real Est Inv Trust
Boost Price TargetC$14.00C$14.00 ➝ C$14.85N/A
11/16/2021
SIA
Sienna Senior Living
Boost Price TargetC$15.00C$16.50 ➝ C$17.00N/A
11/16/2021
TLS
Telos
Lower Price Target$16.00$32.00 ➝ $20.00OutperformLow
11/16/2021
CMP
Compass Minerals International
Upgrade$51.00$60.00 ➝ $55.00Underperform ➝ Market PerformMedium
11/16/2021
TSN
Tyson Foods
Boost Price Target$81.00$95.00 ➝ $103.00OutperformMedium
11/16/2021
SUI
Sun Communities
Boost Price Target$197.00$215.00 ➝ $225.00OutperformHigh
11/15/2021
CESDF
CES Energy Solutions
Boost Price TargetC$2.00C$2.75 ➝ C$3.00OutperformLow
11/15/2021
CEU
CES Energy Solutions
Boost Price TargetC$2.00C$2.75 ➝ C$3.00N/A
11/15/2021
PRV.UN
PRO Real Estate Investment Trust
Boost Price TargetC$2.00C$7.25 ➝ C$7.50N/A
11/15/2021
CHR
Chorus Aviation
Reiterated RatingC$4.00 C$5.40BuyN/A
11/15/2021
INO.UN
Inovalis Real Estate Investment Trust
Reiterated RatingC$10.00 C$10.00HoldN/A
11/15/2021
APR.UN
Automotive Properties Real Est Invt TR
Boost Price TargetC$14.00C$13.20 ➝ C$14.25N/A
11/15/2021
MDA
MDA
Lower Price TargetC$12.00C$17.50 ➝ C$16.50N/A
11/15/2021
UNIEF
Uni-Select
Boost Price TargetC$18.00C$20.00 ➝ C$30.00OutperformLow
11/15/2021
ITPOF
Intertape Polymer Group
Lower Price TargetC$20.00C$39.00 ➝ C$38.00OutperformLow
11/15/2021
UNS
Uni-Select
Boost Price TargetC$24.00C$20.00 ➝ C$30.00N/A
11/15/2021
CWYUF
SmartCentres Real Estate Investment Trust
Boost Price TargetC$24.00C$30.00 ➝ C$31.00Market PerformLow
11/15/2021
MSIXF
LifeWorks
Lower Price TargetC$21.00C$39.00 ➝ C$34.00OutperformN/A
11/15/2021
ITP
Intertape Polymer Group
Lower Price TargetC$25.00C$39.00 ➝ C$38.00N/A
11/15/2021
SCCAF
Sleep Country Canada
Boost Price TargetC$30.00C$43.00 ➝ C$45.00OutperformN/A
11/15/2021
SRU.UN
SmartCentres Real Estate Investment Trst
Boost Price TargetC$31.00C$30.00 ➝ C$31.00N/A
11/15/2021
HMCBF
Home Capital Group
Boost Price TargetC$34.00C$49.00 ➝ C$51.00OutperformLow
11/15/2021
BLX
Boralex
Reiterated RatingC$36.00 C$44.00BuyN/A
11/15/2021
ZZZ
Sleep Country Canada
Boost Price TargetC$37.00C$43.00 ➝ C$45.00N/A
11/15/2021
BOWFF
Boardwalk Real Estate Investment Trust
Boost Price TargetC$43.00C$51.00 ➝ C$57.75OutperformLow
11/15/2021
HCG
Home Capital Group
Boost Price TargetC$43.00C$49.00 ➝ C$51.00N/A
11/15/2021
CDPYF
Canadian Apartment Properties Real Estate Investment Trust
Boost Price TargetC$45.00C$68.50 ➝ C$69.50OutperformLow
11/15/2021
BEI.UN
Boardwalk REIT
Boost Price TargetC$55.00C$51.00 ➝ C$57.75N/A
11/15/2021
CAR.UN
Canadian Apartment Properties REIT
Boost Price TargetC$58.00C$68.50 ➝ C$69.50N/A
11/15/2021
CGEAF
Cogeco Communications
Lower Price TargetC$79.00C$130.00 ➝ C$125.00Market PerformLow
11/15/2021
CONE
CyrusOne
Downgrade$89.00$90.00 ➝ $90.50Outperform ➝ Market PerformLow
11/15/2021
PLNT
Planet Fitness
Boost Price Target$84.00$80.00 ➝ $96.00OutperformHigh
11/15/2021
CCA
Cogeco Communications
Lower Price TargetC$99.00C$130.00 ➝ C$125.00N/A
11/15/2021
ASH
Ashland Global
Boost Price Target$104.00$122.00 ➝ $133.00OutperformLow