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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BMO:
- Bank of Montreal price target raised to C$156 from C$150 at CIBC
- BMO Financial Group Strengthens Leadership with Key Executive Appointments
- BMO Capital Markets Reiterates ‘Buy’ Rating on Eli Lilly Stock (LLY)
- Bank of Montreal price target raised to C$160 from C$144 at National Bank
- Bank of Montreal price target raised to C$148 from C$143 at Scotiabank