Bank of Montreal price target raised to C$154 from C$150 at CIBC

CIBC raised the firm’s price target on Bank of Montreal (BMO) to C$154 from C$150 and keeps an Outperformer rating on the shares. The firm expects Q1 results in the Canadian Banks sector to show positive earnings momentum, but the outlook for the rest of FY25 will be clouded by the U.S. tariff risk, the analyst tells investors.