Important Rating: What To Expect After Bank Of Montreal (NYSE:BMO)’s Upgrade Rating From Credit Suisse?

November 23, 2016 - By Marguerite Chambers

Important Rating:  What To Expect After Bank Of Montreal (NYSE:BMO)'s Upgrade Rating From Credit Suisse?

Bank Of Montreal (NYSE:BMO) Upgrade

In a research note revealed today, Credit Suisse upgraded shares of Bank Of Montreal (NYSE:BMO) to a Neutral rating from Underperform rating.

Bank of Montreal (USA) (NYSE:BMO) Ratings Coverage

Out of 11 analysts covering Bank Of Montreal (NYSE:BMO), 1 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 9% are positive. $88 is the highest target while $71 is the lowest. The $77.71 average target is 17.69% above today’s ($66.03) stock price. Bank Of Montreal has been the topic of 21 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, August 26. The stock of Bank of Montreal (USA) (NYSE:BMO) has “Hold” rating given on Thursday, May 26 by Canaccord Genuity. As per Wednesday, December 2, the company rating was maintained by Barclays Capital. As per Tuesday, November 1, the company rating was reinitiated by Bank of America. As per Thursday, May 26, the company rating was downgraded by TD Securities. The stock of Bank of Montreal (USA) (NYSE:BMO) earned “Sector Perform” rating by Scotia Capital on Thursday, May 26. On Tuesday, March 8 the stock rating was downgraded by Credit Suisse to “Neutral”. TD Securities upgraded Bank of Montreal (USA) (NYSE:BMO) on Wednesday, December 2 to “Buy” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, September 11. RBC Capital Markets maintained Bank of Montreal (USA) (NYSE:BMO) rating on Wednesday, August 24. RBC Capital Markets has “Sector Perform” rating and $88 price target.

About 185,755 shares traded hands. Bank of Montreal (USA) (NYSE:BMO) has risen 2.38% since April 21, 2016 and is uptrending. It has underperformed by 2.95% the S&P500.

Bank of Montreal is a financial services company. The company has a market cap of $42.55 billion. The Bank provides a range of personal and commercial banking, wealth management and investment banking services and products. It has a 13.2 P/E ratio. The Bank’s operating groups include Personal and Commercial Banking, Wealth Management, BMO Capital Markets (BMO CM) and Corporate Services, including Technology and Operations.

According to Zacks Investment Research, “Bank of Montreal is one of the largest banks in North America, is also one of Canada’s oldest banks. The bank offers a complete range of financial services in our chosen markets on both sides of the Canada-United States border. The bank offers to all of their clients not just financial products, but knowledge-based solutions, custom-made to add value in their financial affairs.”

BMO Company Profile

Bank of Montreal (BMO), incorporated on March 15, 1995, is a financial services company. The Bank provides a range of personal and commercial banking, wealth management and investment banking services and products. The Bank’s operating groups include Personal and Commercial Banking, Wealth Management, BMO Capital Markets (BMO CM) and Corporate Services, including Technology and Operations. The Bank operates primarily in Canada and the United States. It also has activities in the United Kingdom, Europe, the Caribbean and Asia.

More notable recent Bank of Montreal (USA) (NYSE:BMO) news were published by: Fool.ca which released: “Why Bank of Montreal Is the Forever Bank Stock to Own” on November 22, 2016, also Fool.ca with their article: “Bank of Montreal: Should You Own This Dividend Stock Today?” published on November 14, 2016, Fool.ca published: “Become a TFSA Millionaire With Bank of Montreal and Telus Corporation” on November 18, 2016. More interesting news about Bank of Montreal (USA) (NYSE:BMO) were released by: Fool.ca and their article: “Why Bank of Montreal Is a Great Investment” published on September 26, 2016 as well as Fool.ca‘s news article titled: “Should You Buy Bank of Montreal or Royal Bank of Canada Today?” with publication date: August 19, 2016.

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