Reported about 9 hours ago
BofA has reduced its price target for Bank of Montreal (BMO) from C$150 to C$149 while maintaining a Neutral rating. This adjustment is attributed to a slowdown in the Canadian economy, characterized by a weak housing market and sluggish private sector job growth, which may delay the peak in the credit cycle. However, potential policy changes from the new administration and easing trade tensions with the U.S. could improve growth sentiment.
Source: YAHOO