BMO sees another TravelCenters bidder as ‘unlikely,’ views deal as good outcome

BMO Capital raised the firm’s price target on TravelCenters (TA) to $86 from $60 and keeps a Market Perform rating on the shares after the company agreed to be acquired by BP (BP) for $86 per share. The firm, which describes the deal as "a positive outcome and a culmination of a successful turnaround," views another bidder as unlikely.