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Zacks Research Upgrades Bank Of Montreal (NYSE:BMO) to "Strong-Buy"
Zacks Research has upgraded Bank Of Montreal (NYSE:BMO) from a “hold” to a “strong-buy” rating, with a consensus “Moderate Buy” and an average price target of $163.00. The upgrade follows stronger-than-expected quarterly results, where BMO reported $2.36 EPS against an expected $2.16 and revenue up 5.3% year-over-year. Analysts anticipate an EPS of approximately 7.71 for the current fiscal year, and the stock is currently trading near its 12-month high.