BMO Capital analyst Etienne Ricard upgraded EQB Inc. (EQGPF) to Outperform from Market Perform with a price target of C$130, up from C$108. The acquisition of PC Financial is “strategically enhancing” as it provides EQB with an expanded customer outreach and more diversified bank, the analyst tells investors in a research note. BMO sees a favorable risk/reward at current share levels.
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