Desjardins raised its price target for Bank of Montreal (TSE:BMO) to C$195.00 from C$189.00, maintaining a “Hold” rating, which suggests a minimal downside from its current trading price. Other analysts also made upward revisions to their price targets, contributing to a consensus “Hold” rating and an average target of C$186.50. The bank’s shares recently traded near their 12-month high after reporting strong quarterly earnings with EPS of C$3.28 and revenue of C$9.34 billion, and currently hold a market capitalization of C$138.29 billion.
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Bank of Montreal (TSE:BMO) Price Target Raised to C$195.00
Desjardins raised its price target for Bank of Montreal (TSE:BMO) to C$195.00 from C$189.00, maintaining a “Hold” rating, which suggests a minimal downside from its current trading price. Other analysts also made upward revisions to their price targets, contributing to a consensus “Hold” rating and an average target of C$186.50. The bank’s shares recently traded near their 12-month high after reporting strong quarterly earnings with EPS of C$3.28 and revenue of C$9.34 billion, and currently hold a market capitalization of C$138.29 billion.