Barclays Adjusting Estimates and Price Target on Bank of Montreal (BMO); Earnings Debate: Everything But Retail
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Price: $92.72 -0.13%
Rating Summary:
9 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
9 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Barclays maintains an 'Equalweight' on Bank of Montreal (NYSE: BMO) price target lowered from CAD$60 to CAD$58.
Analyst, John Aiken, said, "Headline beat, but underlying performance not likely to provide incremental support: While investors are likely to continue to debate the merits of including M&I credit recoveries within 'core' earnings, we believe that a more simple basic will likely weigh on BMO's valuation coming out of the quarter-potential relative underperformance of its retail platforms."
FY12 EPS estimate raised from $5.54 to $5.56, but FY13 lowered from $5.86 to $5.58.
For an analyst ratings summary and ratings history on Bank of Montreal click here. For more ratings news on Bank of Montreal click here.
Shares of Bank of Montreal closed at $54.80 yesterday.
Analyst, John Aiken, said, "Headline beat, but underlying performance not likely to provide incremental support: While investors are likely to continue to debate the merits of including M&I credit recoveries within 'core' earnings, we believe that a more simple basic will likely weigh on BMO's valuation coming out of the quarter-potential relative underperformance of its retail platforms."
FY12 EPS estimate raised from $5.54 to $5.56, but FY13 lowered from $5.86 to $5.58.
For an analyst ratings summary and ratings history on Bank of Montreal click here. For more ratings news on Bank of Montreal click here.
Shares of Bank of Montreal closed at $54.80 yesterday.
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