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
7/18/2024
ALL
Allstate
Upgrade$177.00$190.00 ➝ $191.00Market Perform ➝ OutperformLow
7/18/2024
SYF
Synchrony Financial
Lower Price Target$51.00$42.00 ➝ $41.00Market Perform ➝ Market PerformLow
7/18/2024
FDMT
4D Molecular Therapeutics
Lower Price Target$15.00$63.00 ➝ $40.00Outperform ➝ OutperformLow
7/18/2024
PGR
Progressive
Boost Price Target$225.00$235.00 ➝ $239.00Outperform ➝ OutperformLow
7/18/2024
MS
Morgan Stanley
Boost Price Target$105.00$116.00 ➝ $118.00Outperform ➝ OutperformLow
7/18/2024
CCI
Crown Castle
Boost Price Target$105.00$105.00 ➝ $108.00Market Perform ➝ Market PerformLow
7/18/2024
BAC
Bank of America
Boost Price Target$43.00$38.00 ➝ $40.00Market Perform ➝ Market PerformLow
7/18/2024
AC
Air Canada
Lower Price TargetC$17.00C$32.00 ➝ C$30.00N/A
7/18/2024
CAE
CAE
Lower Price TargetC$26.00C$34.00 ➝ C$33.00N/A
7/18/2024
DOL
Dollarama
Boost Price TargetC$126.00C$133.00 ➝ C$138.00N/A
7/17/2024
JBHT
J.B. Hunt Transport Services
Boost Price Target$161.00$188.00 ➝ $195.00Outperform ➝ OutperformLow
7/17/2024
GS
The Goldman Sachs Group
Boost Price Target$486.00$360.00 ➝ $373.00Market Perform ➝ Market PerformLow
7/17/2024
GOOGL
Alphabet
Reiterated Rating$178.00$215.00 ➝ $222.00Outperform ➝ OutperformLow
7/16/2024
NI
NiSource
Boost Price Target$31.00$31.00 ➝ $32.00Outperform ➝ OutperformLow
7/16/2024
BDGI
Badger Infrastructure Solutions
Lower Price TargetC$37.00C$52.00 ➝ C$45.00N/A
7/16/2024
BDT
Bird Construction
Boost Price TargetC$25.00C$29.00 ➝ C$30.00N/A
7/16/2024
CEU
CES Energy Solutions
Boost Price TargetC$8.00C$9.00 ➝ C$10.00N/A
7/16/2024
CMG
Computer Modelling Group
Boost Price TargetC$14.00C$13.00 ➝ C$14.00N/A
7/16/2024
FNV
Franco-Nevada
Boost Price TargetC$173.00C$200.00 ➝ C$210.00OutperformN/A
7/16/2024
PKI
Parkland
Lower Price TargetC$38.00C$55.00 ➝ C$52.00N/A
7/16/2024
PSI
Pason Systems
Boost Price TargetC$18.00C$20.00 ➝ C$22.00N/A
7/16/2024
SPB
Superior Plus
Lower Price TargetC$8.00C$12.50 ➝ C$12.00N/A
7/15/2024
UDR
UDR
Upgrade$42.00$39.00 ➝ $45.00Market Perform ➝ OutperformLow
7/15/2024
MP
MP Materials
Initiated Coverage$14.00 $16.50Market PerformLow
7/15/2024
STRA
Strategic Education
Reiterated Rating$118.00$130.00 ➝ $130.00Outperform ➝ OutperformLow
7/15/2024
TECK
Teck Resources
Initiated Coverage$46.00Hold ➝ OutperformLow
7/15/2024
PLD
Prologis
Reiterated Rating$123.00$115.00 ➝ $115.00Market Perform ➝ Market PerformLow
7/15/2024
DTE
DTE Energy
Boost Price Target$117.00$120.00 ➝ $123.00Market Perform ➝ Market PerformLow
7/15/2024
NEE
NextEra Energy
Boost Price Target$72.00$79.00 ➝ $83.00Outperform ➝ OutperformLow
7/15/2024
SIL
SilverCrest Metals
Boost Price TargetC$9.00C$13.25 ➝ C$14.25N/A
7/15/2024
SIL
SilverCrest Metals
DowngradeC$13.00Strong-Buy ➝ HoldN/A
7/12/2024
MSFT
Microsoft
Boost Price Target$440.00$465.00 ➝ $500.00Outperform ➝ OutperformLow
7/12/2024
CDE
Coeur Mining
Boost Price Target$6.00$6.75 ➝ $7.50Outperform ➝ OutperformLow
7/12/2024
ATZ
Aritzia
Boost Price TargetC$47.00C$50.00 ➝ C$52.00N/A
7/11/2024
DUK
Duke Energy
Lower Price Target$107.00$110.00 ➝ $109.00Outperform ➝ OutperformLow
7/11/2024
APD
Air Products and Chemicals
Boost Price Target$267.00$294.00 ➝ $300.00Outperform ➝ OutperformLow
7/11/2024
WFC
Wells Fargo & Company
Boost Price Target$59.00$55.00 ➝ $57.00Market Perform ➝ Market PerformLow
7/11/2024
C
Citigroup
Boost Price Target$65.00$63.00 ➝ $65.00Market Perform ➝ Market PerformLow
7/11/2024
JPM
JPMorgan Chase & Co.
Boost Price Target$210.00$195.00 ➝ $205.00Market Perform ➝ Market PerformLow
7/10/2024
RGLD
Royal Gold
Boost Price Target$139.00$168.00 ➝ $170.00Outperform ➝ OutperformLow
7/10/2024
SRE
Sempra
Lower Price Target$78.00$86.00 ➝ $84.00Outperform ➝ OutperformLow
7/10/2024
AIF
Altus Group
Set Price TargetC$56.00 C$59.00N/A
7/10/2024
X
TMX Group
Boost Price TargetC$41.00C$42.00 ➝ C$44.00N/A
7/9/2024
GFL
GFL Environmental
Downgrade$39.00$43.00 ➝ $42.00Outperform ➝ Market PerformLow
7/9/2024
D
Dominion Energy
Lower Price Target$52.00$52.00 ➝ $51.00Market Perform ➝ Market PerformLow
7/9/2024
MORF
Morphic
Reiterated Rating$56.00$52.00 ➝ $57.00Outperform ➝ Market PerformLow
7/9/2024
GFL
GFL Environmental
DowngradeC$54.00Strong-Buy ➝ HoldN/A
7/8/2024
ETR
Entergy
Lower Price Target$111.00$120.00 ➝ $117.00Outperform ➝ OutperformLow
7/5/2024
STZ
Constellation Brands
Reiterated Rating$248.00$315.00 ➝ $315.00Outperform ➝ OutperformLow
7/4/2024
AOT
Ascot Resources
Reiterated RatingC$0.00 C$1.25OutperformN/A
7/3/2024
CTRA
Coterra Energy
Upgrade$27.00HoldLow
7/3/2024
DVN
Devon Energy
Upgrade$48.00Strong-BuyLow
7/3/2024
PR
Permian Resources
Upgrade$16.00$21.00 ➝ $21.00Market Perform ➝ OutperformLow
7/3/2024
LLY
Eli Lilly and Company
Reiterated Rating$849.00$1,001.00 ➝ $1,001.00Outperform ➝ OutperformLow
7/3/2024
LEGN
Legend Biotech
Reiterated Rating$58.00$90.00 ➝ $90.00Outperform ➝ OutperformLow
7/3/2024
PEG
Public Service Enterprise Group
Boost Price Target$74.00$69.00 ➝ $74.00Market Perform ➝ Market PerformLow
7/3/2024
BIR
Birchcliff Energy
Boost Price TargetC$6.00C$6.00 ➝ C$6.50N/A
7/3/2024
CJ
Cardinal Energy
Lower Price TargetC$7.00C$8.00 ➝ C$7.50N/A
7/3/2024
CMG
Computer Modelling Group
Boost Price TargetC$14.00C$11.50 ➝ C$13.00N/A
7/3/2024
POU
Paramount Resources
Boost Price TargetC$31.00C$38.50 ➝ C$40.00N/A
7/3/2024
PD
Precision Drilling
Boost Price TargetC$102.00C$130.00 ➝ C$135.00N/A
7/3/2024
TPZ
Topaz Energy
Boost Price TargetC$25.00C$27.00 ➝ C$29.00N/A
7/3/2024
VET
Vermilion Energy
Lower Price TargetC$15.00C$21.00 ➝ C$20.00N/A
7/2/2024
INCY
Incyte
Reiterated Rating$65.00$52.00 ➝ $48.00Market Perform ➝ UnderperformLow
7/2/2024
ARE
Aecon Group
DowngradeC$14.00C$18.50 ➝ C$17.50Outperform ➝ Market PerformN/A
7/1/2024
EMRAF
Emera
Lower Price Target$34.00$55.00 ➝ $54.00Outperform ➝ OutperformLow
6/28/2024
SAP
SAP
Upgrade$197.00$218.00 ➝ $237.00Market Perform ➝ OutperformLow
6/28/2024
GNL
Global Net Lease
Reiterated Rating$8.00$11.00 ➝ $11.00Outperform ➝ OutperformLow
6/28/2024
NKE
NIKE
Lower Price Target$72.00$118.00 ➝ $100.00Outperform ➝ OutperformLow
6/27/2024
TSHA
Taysha Gene Therapies
Initiated Coverage$2.00 $5.00OutperformLow
6/27/2024
NGNE
Neurogene
Initiated Coverage$41.00 $65.00OutperformLow
6/27/2024
SKE
Skeena Resources
Boost Price TargetC$9.00C$18.00 ➝ C$20.00OutperformN/A
6/27/2024
ACAD
ACADIA Pharmaceuticals
Initiated Coverage$18.00 $31.00OutperformLow
6/26/2024
DLR
Digital Realty Trust
Upgrade$155.00$144.00 ➝ $170.00Market Perform ➝ OutperformLow
6/26/2024
ERO
Ero Copper
Upgrade$20.00Market Perform ➝ OutperformLow
6/26/2024
GFI
Gold Fields
Upgrade$17.00$13.50 ➝ $14.00Underperform ➝ Market PerformLow
6/26/2024
X
United States Steel
Upgrade$38.00$43.00 ➝ $45.00Market Perform ➝ OutperformLow
6/26/2024
CNP
CenterPoint Energy
Boost Price Target$29.00$32.00 ➝ $33.00Outperform ➝ OutperformLow
6/26/2024
ERO
Ero Copper
UpgradeC$27.00C$37.00 ➝ C$41.00Market Perform ➝ OutperformN/A
6/26/2024
NVA
NuVista Energy
Boost Price TargetC$14.00C$17.00 ➝ C$18.00OutperformN/A
6/26/2024
PPL
Pembina Pipeline
Boost Price TargetC$52.00C$53.00 ➝ C$54.00OutperformN/A
6/26/2024
SOT.UN
Slate Office REIT
DowngradeC$0.00C$0.70 ➝ C$0.30Sector Perform ➝ UnderperformN/A
6/25/2024
NVO
Novo Nordisk A/S
Reiterated Rating$130.00$163.00 ➝ $163.00Outperform ➝ OutperformLow
6/25/2024
VGCX
Victoria Gold
DowngradeC$1.00Outperform ➝ Market PerformN/A
6/24/2024
SRPT
Sarepta Therapeutics
Boost Price Target$144.00$170.00 ➝ $200.00Outperform ➝ OutperformLow
6/24/2024
AEE
Ameren
Lower Price Target$75.00$81.00 ➝ $80.00Outperform ➝ OutperformLow
6/24/2024
ASTL
Algoma Steel Group
Lower Price TargetC$12.00C$14.00 ➝ C$13.00OutperformN/A
6/24/2024
ALNY
Alnylam Pharmaceuticals
Reiterated Rating$237.00$234.00 ➝ $234.00Outperform ➝ OutperformLow
6/21/2024
WGO
Winnebago Industries
Lower Price Target$58.00$80.00 ➝ $75.00Outperform ➝ OutperformLow
6/21/2024
ACN
Accenture
Lower Price Target$328.00$375.00 ➝ $350.00Market Perform ➝ Market PerformLow
6/20/2024
AEM
Agnico Eagle Mines
Lower Price Target$75.00$79.00 ➝ $77.00Outperform ➝ OutperformLow
6/19/2024
CNL
Collective Mining
UpgradeC$6.00Strong-BuyN/A
6/19/2024
CNR
Canadian National Railway
Lower Price TargetC$166.00C$195.00 ➝ C$188.00OutperformN/A
6/19/2024
CNL
Collective Mining
Set Price TargetC$4.00 C$8.25OutperformN/A
6/18/2024
KR
Kroger
Upgrade$55.00$58.00 ➝ $60.00Market Perform ➝ OutperformLow
6/18/2024
STLD
Steel Dynamics
Lower Price Target$129.00$140.00 ➝ $135.00Market Perform ➝ Market PerformLow
6/18/2024
NI
NiSource
Reiterated Rating$31.00$31.00 ➝ $31.00Outperform ➝ OutperformLow
6/18/2024
NA
National Bank of Canada
Lower Price TargetC$111.00C$121.00 ➝ C$115.00OutperformN/A
6/17/2024
ORCL
Oracle
Boost Price Target$138.00$142.00 ➝ $160.00Market Perform ➝ Market PerformLow
6/17/2024
EXK
Endeavour Silver
Initiated Coverage$5.00 $6.00OutperformLow