BMO Capital Markets Stock Recommendations and Price Targets

BMO Capital Markets is the investment banking and capital markets arm of Bank of Montreal, aka BMO Financial Group. It serves corporate, institutional, and government clients in North America, providing equity and debt underwriting, corporate lending and project finance, M&A advisory, and equity and debt research. The company has more than 25 offices worldwide; about half are in North America. BMO Capital Markets was formed in 2006 when BMO Financial combined its US, Canadian, and international wholesale banking operations.

This is a list of recent ratings by BMO Capital Markets.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
11/20/2024	NGNE Neurogene	Lower Price Target	$15.00	$60.00 ➝ $45.00	Outperform ➝ Outperform	N/A
11/20/2024	AZEK AZEK	Boost Price Target	$48.00	$49.00 ➝ $51.00	Market Perform ➝ Market Perform	N/A
11/20/2024	ARVN Arvinas	Lower Price Target	$23.00	$90.00 ➝ $88.00	Outperform ➝ Outperform	N/A
11/20/2024	TRP TC Energy	Boost Price Target	$49.00	$66.00 ➝ $70.00	Market Perform ➝ Market Perform	N/A
11/20/2024	WN George Weston	Boost Price Target	C$219.00	C$220.00 ➝ C$221.50		N/A
11/20/2024	TRP TC Energy	Boost Price Target	C$69.00	C$66.00 ➝ C$70.00		N/A
11/19/2024	FTNT Fortinet	Boost Price Target	$92.00	$88.00 ➝ $100.00	Market Perform ➝ Market Perform	N/A
11/19/2024	NRG NRG Energy	Boost Price Target	$95.00	$94.00 ➝ $100.00	Market Perform ➝ Market Perform	N/A
11/19/2024	GSHD Goosehead Insurance	Boost Price Target	$120.00	$90.00 ➝ $120.00	Market Perform ➝ Market Perform	N/A
11/19/2024	ASH Ashland	Lower Price Target	$76.00	$92.00 ➝ $83.00	Market Perform ➝ Market Perform	N/A
11/19/2024	AOT Ascot Resources	Lower Price Target	C$0.00	C$1.25 ➝ C$0.75	Outperform	N/A
11/19/2024	CHE.UN Chemtrade Logistics Income Fund	Boost Price Target	C$11.00	C$12.00 ➝ C$15.00		N/A
11/19/2024	NWH.UN NorthWest Health Prop Real Est Inv Trust	Lower Price Target	C$5.00	C$5.50 ➝ C$5.25		N/A
11/18/2024	DIIBF Dorel Industries	Upgrade	$3.00		Hold	N/A
11/18/2024	BFAM Bright Horizons Family Solutions	Upgrade	$108.00	$137.00 ➝ $125.00	Market Perform ➝ Outperform	N/A
11/18/2024	FI Fiserv	Boost Price Target	$218.00	$222.00 ➝ $232.00	Outperform ➝ Outperform	N/A
11/18/2024	DG Dollar General	Lower Price Target	$73.00	$90.00 ➝ $80.00	Market Perform ➝ Market Perform	N/A
11/18/2024	DLTR Dollar Tree	Lower Price Target	$63.00	$68.00 ➝ $65.00	Market Perform ➝ Market Perform	N/A
11/18/2024	COST Costco Wholesale	Boost Price Target	$928.00	$980.00 ➝ $1,075.00	Outperform ➝ Outperform	N/A
11/18/2024	WMT Walmart	Boost Price Target	$87.00	$80.00 ➝ $100.00	Outperform ➝ Outperform	N/A
11/18/2024	ETR Entergy	Lower Price Target	$151.00	$166.00 ➝ $159.00	Outperform ➝ Outperform	N/A
11/18/2024	TPR Tapestry	Boost Price Target	$55.00	$55.00 ➝ $60.00	Market Perform ➝ Market Perform	N/A
11/18/2024	CM Canadian Imperial Bank of Commerce	Boost Price Target	C$91.00	C$81.00 ➝ C$99.00		N/A
11/18/2024	CWB Canadian Western Bank	Boost Price Target	C$60.00	C$52.00 ➝ C$58.00		N/A
11/18/2024	EQB EQB	Boost Price Target	C$108.00	C$106.00 ➝ C$119.00		N/A
11/18/2024	LB Laurentian Bank of Canada	Boost Price Target	C$28.00	C$27.00 ➝ C$28.00		N/A
11/18/2024	NA National Bank of Canada	Boost Price Target	C$137.00	C$125.00 ➝ C$143.00		N/A
11/18/2024	RY Royal Bank of Canada	Boost Price Target	C$170.00	C$165.00 ➝ C$195.00		N/A
11/18/2024	BNS Bank of Nova Scotia	Boost Price Target	C$79.00	C$72.00 ➝ C$84.00		N/A
11/18/2024	SRU.UN SmartCentres Real Estate Investment Trst	Boost Price Target	C$25.00	C$25.50 ➝ C$27.00		N/A
11/18/2024	TD Toronto-Dominion Bank	Boost Price Target	C$78.00	C$84.00 ➝ C$94.00		N/A
11/15/2024	IRT Independence Realty Trust	Upgrade	$21.00	$19.00 ➝ $21.00	Underperform ➝ Market Perform	N/A
11/15/2024	CRM Salesforce	Boost Price Target	$326.00	$305.00 ➝ $385.00	Outperform ➝ Outperform	N/A
11/15/2024	BE Bloom Energy	Boost Price Target	$25.00	$12.00 ➝ $19.50	Market Perform ➝ Market Perform	N/A
11/15/2024	FDS FactSet Research Systems	Boost Price Target	$474.00	$471.00 ➝ $521.00	Market Perform ➝ Market Perform	N/A
11/15/2024	ESRT Empire State Realty Trust	Boost Price Target	$11.00	$12.00 ➝ $13.00	Outperform ➝ Outperform	N/A
11/15/2024	BN Brookfield	Reiterated Rating	$56.00	$50.00 ➝ $62.00	Outperform ➝ Outperform	N/A
11/15/2024	AFG American Financial Group	Boost Price Target	$141.00	$135.00 ➝ $143.00	Market Perform ➝ Market Perform	N/A
11/15/2024	BLX Boralex	Lower Price Target	C$30.00	C$46.00 ➝ C$45.00		N/A
11/15/2024	CCL.B CCL Industries	Boost Price Target	C$78.00	C$90.00 ➝ C$93.00		N/A
11/15/2024	CIX CI Financial	Boost Price Target	C$24.00	C$22.00 ➝ C$25.00		N/A
11/15/2024	DII.B Dorel Industries	Lower Price Target	C$4.00	C$7.00 ➝ C$5.00		N/A
11/15/2024	EFX Enerflex	Boost Price Target	C$13.00	C$11.00 ➝ C$15.00		N/A
11/15/2024	KEY Keyera	Boost Price Target	C$46.00	C$41.00 ➝ C$44.00		N/A
11/15/2024	LUC Lucara Diamond	Lower Price Target	C$0.00	C$0.60 ➝ C$0.50		N/A
11/14/2024	MA Mastercard	Boost Price Target	$512.00	$550.00 ➝ $565.00	Outperform ➝ Outperform	N/A
11/14/2024	EG Everest Group	Lower Price Target	$377.00	$383.00 ➝ $372.00	Market Perform ➝ Market Perform	N/A
11/14/2024	ACRV Acrivon Therapeutics	Lower Price Target	$6.00	$28.00 ➝ $27.00	Outperform ➝ Outperform	N/A
11/14/2024	APD Air Products and Chemicals	Boost Price Target	$328.00	$323.00 ➝ $350.00	Outperform ➝ Outperform	N/A
11/14/2024	ACQ AutoCanada	Lower Price Target	C$19.00	C$19.50 ➝ C$19.00		N/A
11/14/2024	FTT Finning International	Lower Price Target	C$37.00	C$50.00 ➝ C$46.00		N/A
11/14/2024	MRE Martinrea International	Lower Price Target	C$10.00	C$15.00 ➝ C$13.00		N/A
11/14/2024	MI.UN Minto Apartment Real Estate Invt Trust	Lower Price Target	C$14.00	C$18.50 ➝ C$18.00		N/A
11/13/2024	DAY Dayforce	Boost Price Target	$76.00	$80.00 ➝ $90.00	Outperform ➝ Outperform	N/A
11/13/2024	NUVL Nuvalent	Boost Price Target	$91.00	$132.00 ➝ $134.00	Outperform ➝ Outperform	N/A
11/13/2024	CART Maplebear	Boost Price Target	$42.00	$39.00 ➝ $48.00	Market Perform ➝ Market Perform	N/A
11/13/2024	AXTA Axalta Coating Systems	Boost Price Target	$39.00	$46.00 ➝ $48.00	Outperform ➝ Outperform	N/A
11/13/2024	SDGR Schrödinger	Boost Price Target	$19.00	$25.00 ➝ $28.00	Outperform ➝ Outperform	N/A
11/13/2024	TLS Telos	Boost Price Target	$3.00	$3.00 ➝ $4.50	Market Perform ➝ Market Perform	N/A
11/13/2024	TSN Tyson Foods	Boost Price Target	$63.00	$60.00 ➝ $62.00	Market Perform ➝ Market Perform	N/A
11/13/2024	WLK Westlake	Lower Price Target	$128.00	$171.00 ➝ $165.00	Market Perform ➝ Market Perform	N/A
11/13/2024	LNR Linamar	Lower Price Target	C$60.00	C$80.00 ➝ C$75.00		N/A
11/12/2024	LPX Louisiana-Pacific	Boost Price Target	$111.00	$99.00 ➝ $103.00	Market Perform ➝ Market Perform	N/A
11/12/2024	BMY Bristol-Myers Squibb	Boost Price Target	$58.00	$57.00 ➝ $61.00	Market Perform ➝ Market Perform	N/A
11/12/2024	AJG Arthur J. Gallagher & Co.	Boost Price Target	$296.00	$312.00 ➝ $325.00	Outperform ➝ Outperform	N/A
11/12/2024	NGNE Neurogene	Lower Price Target	$15.00	$65.00 ➝ $60.00	Outperform ➝ Outperform	N/A
11/12/2024	ABBV AbbVie	Lower Price Target	$168.00	$228.00 ➝ $208.00	Outperform ➝ Outperform	N/A
11/12/2024	POW Power Co. of Canada	Boost Price Target	C$46.00	C$42.00 ➝ C$49.00		N/A
11/11/2024	CE Celanese	Downgrade	$73.00	$138.00 ➝ $76.00	Market Perform ➝ Underperform	N/A
11/11/2024	VCTR Victory Capital	Boost Price Target	$66.00	$69.00 ➝ $71.00	Outperform ➝ Outperform	N/A
11/11/2024	RBA RB Global	Boost Price Target	$94.00	$105.00 ➝ $107.00	Outperform ➝ Outperform	N/A
11/11/2024	IMXI International Money Express	Boost Price Target	$21.00	$27.00 ➝ $30.00	Outperform ➝ Outperform	N/A
11/11/2024	DXC DXC Technology	Boost Price Target	$21.00	$22.00 ➝ $25.00	Market Perform ➝ Market Perform	N/A
11/11/2024	RUN Sunrun	Lower Price Target	$10.00	$20.00 ➝ $11.00	Market Perform ➝ Market Perform	N/A
11/11/2024	AMN AMN Healthcare Services	Lower Price Target	$25.00	$50.00 ➝ $46.00	Outperform ➝ Outperform	N/A
11/11/2024	CAR.UN Canadian Apartment Properties REIT	Lower Price Target	C$45.00	C$56.00 ➝ C$54.00		N/A
11/11/2024	CSU Constellation Software	Boost Price Target	C$4,501.00	C$4,800.00 ➝ C$4,900.00		N/A
11/11/2024	DFY Definity Financial	Boost Price Target	C$59.00	C$53.00 ➝ C$57.00		N/A
11/11/2024	GSY goeasy	Boost Price Target	C$172.00	C$202.00 ➝ C$207.00		N/A
11/11/2024	GRT.UN Granite Real Estate Investment Trust	Boost Price Target	C$74.00	C$86.00 ➝ C$88.00		N/A
11/11/2024	IGM IGM Financial	Boost Price Target	C$47.00	C$43.00 ➝ C$47.00		N/A
11/8/2024	DDOG Datadog	Boost Price Target	$136.00	$135.00 ➝ $145.00	Outperform	N/A
11/8/2024	DT Dynatrace	Boost Price Target	$51.00	$53.00 ➝ $61.00	Outperform	N/A
11/8/2024	NABL N-able	Lower Price Target	$10.00	$14.00 ➝ $13.50	Market Perform	N/A
11/8/2024	GMAB Genmab A/S	Reiterated Rating	$20.00	$46.00 ➝ $48.00	Outperform ➝ Outperform	N/A
11/8/2024	AVDX AvidXchange	Boost Price Target	$11.00	$10.00 ➝ $11.00	Market Perform ➝ Market Perform	N/A
11/8/2024	LEV Lion Electric	Lower Price Target	$0.00	$0.80 ➝ $0.60	Market Perform ➝ Market Perform	N/A
11/8/2024	CEG Constellation Energy	Lower Price Target	$235.00	$298.00 ➝ $291.00	Outperform ➝ Outperform	N/A
11/8/2024	XNCR Xencor	Reiterated Rating	$24.00	$32.00 ➝ $34.00	Outperform ➝ Outperform	N/A
11/8/2024	ROIC Retail Opportunity Investments	Boost Price Target	$17.00	$17.00 ➝ $17.50	Market Perform ➝ Market Perform	N/A
11/8/2024	CCO Cameco	Boost Price Target	C$81.00	C$78.00 ➝ C$84.00		N/A
11/8/2024	TRP TC Energy	Boost Price Target	C$69.00	C$55.00 ➝ C$66.00		N/A
11/8/2024	WSP WSP Global	Boost Price Target	C$240.00	C$257.00 ➝ C$280.00		N/A
11/7/2024	HUBS HubSpot	Boost Price Target	$694.00	$570.00 ➝ $690.00	Outperform ➝ Outperform	N/A
11/7/2024	PYCR Paycor HCM	Boost Price Target	$16.00	$15.00 ➝ $19.00	Market Perform ➝ Market Perform	N/A
11/7/2024	WK Workiva	Boost Price Target	$92.00	$96.00 ➝ $104.00	Outperform ➝ Outperform	N/A
11/7/2024	PFGC Performance Food Group	Boost Price Target	$84.00	$87.00 ➝ $95.00	Outperform ➝ Outperform	N/A
11/7/2024	VERX Vertex	Boost Price Target	$52.00	$42.00 ➝ $52.00	Market Perform ➝ Market Perform	N/A
11/7/2024	TTWO Take-Two Interactive Software	Boost Price Target	$185.00	$185.00 ➝ $190.00	Outperform ➝ Outperform	N/A
11/7/2024	SUI Sun Communities	Lower Price Target	$126.00	$145.00 ➝ $138.00	Outperform ➝ Outperform	N/A