The Latest Breaking News from BMO Capital

NFI Group Inc (TSX:NFI) (OTC:NFYEF) has been downgraded to Market Perform from Outperform by BMO Capital analyst Jonathan Lamers. The analyst also lowered the price target to C$15.50, from C$21. Lamers stated that he is concerned with downside risk to the company's 2022 guidance as supply chain challenges are unlikely to improve in the near…

BMO Capital analyst Rene Cartier raised the price target for Altius Minerals Corp  (TSX:ALS) (OTC:ATUSF) to C$23 from C$22 while maintaining the Market Perform rating on the shares. The target price was increased as the analyst raised multiples to align more closely with royalty/streaming peers. The analyst states that ALS delivered slightly better-than-expected 1Q22 attributable…

BMO Capital analyst Ryan Thompson lowered the price target on First Majestic Silver Corp (TSX:FR) NYSE: AG) to C$12 from C$13 while maintaining the Market Perform rating on the shares. First Majestic is an intermediate primary silver producer with three operating mines in Mexico. The analyst states that the consolidated Q1 gold and silver production…

BMO Capital cut Bank of America Corporation (NYSE: BAC) price target from $48 to $46. Bank of America shares rose 0.3% to $38.95 in pre-market trading.

Upgrades

BMO Capital analyst Andrew Strelzik downgraded Wendy's Co (NASDAQ:WEN) to Market Perform from Outperform with a reduced price target of $22, down from $28, implying a 5.31% upside. The analyst believes the company is less well-positioned to handle a tighter U.S. consumer spending environment than its peers against rising pressures on discretionary spending. Thus, Strelzik…

BMO Capital has decided to maintain its Market Perform rating of IBM (NYSE:IBM) and lower its price target from $155.00 to $148.00. Shares of IBM are trading down 0.04% over the last 24 hours, at $125.93 per share.

BMO Capital has decided to maintain its Outperform rating of C4 Therapeutics (NASDAQ:CCCC) and lower its price target from $57.00 to $20.00. Shares of C4 Therapeutics are trading down 20.49% over the last 24 hours, at $9.00 per share.

Upgrades

Morgan Stanley analyst John Glass lowered the price target on Traeger Inc (NYSE:COOK) to $10 from $26 and maintained an Equal Weight rating on the shares. The revised price target implies a 31.23% upside. Glass noted grill demand appears to be softening post-COVID to a greater extent than previously expected. Traeger's shares are…

Analysts continue to see sharp upside in Bumble Inc (NASDAQ:BMBL) despite cutting their price targets post Q4 results. BMO Capital analyst Daniel Salmon upgraded to Outperform from Market Perform with an unchanged price target of $48 (103% upside). Online dating is poised to outperform the internet sector. Cowen analyst John Blackledge raised the price target to $38…