Jefferies Financial Group has increased its price target for Bank of Montreal (BMO) to C$187.00, up from the previous target of C$182.00. Despite the upward revision, the new target still implies a potential downside of approximately 4.15% from the stock's recent closing price. The adjustment follows the bank's latest quarterly earnings report, which showed an earnings per share (EPS) of C$3.28. Market analysts currently project the bank's annual earnings to reach C$9.65 per share for the fiscal year. The overall consensus rating for BMO remains at "Hold," reflecting a balanced view of the bank's valuation and growth prospects. This move by Jefferies suggests a recalibration of the bank's fair value while maintaining a cautious stance on immediate market upside.
Get AI-powered deep analysis for every story with a paid subscription
Upgrade for Analysis