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Bank of Montreal downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Brian Morton downgraded Bank of Montreal (BMO) to Equal Weight from Overweight with an unchanged price target of C$144. Canadian banks wrapped up Q2 earnings with four exceeding consensus, but headwinds remain with the impact of tariffs yet to be realized amid a weaker economic picture, the analyst tells investors in a research note. The firm cites valuation for the downgrade of Bank of Montreal.

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