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The Latest Breaking News from BMO Capital

What's Going On With Baytex Energy Shares Today

RBC Capital analyst Greg Pardy raised the price target for Baytex Energy Corp (TSX:BTE) (OTC:BTEGF) to C$7 from C$6 while maintaining the Sector Perform rating on the shares. Pardy notes Baytex is off to a nice start in 2022 amid ongoing debt reduction and impressive drilling results in its emerging Clearwater oil play. The analyst…

Benzinga

RBC Capital, BMO Boost Toromont Industries Price Target

Toromont Industries Ltd (TSX:TIH) (OTC:TMTNF) price target has been raised to C$130 from C$126 by BMO Capital analyst Devin Dodge with an Outperform rating for the shares. Dodge stated that the demand backdrop remains very favorable for Toromont, and they expect activity levels in TIH's territories to gain momentum through 2022. Supply chain challenges tempers…

Benzinga

Analysts Slash Price Target On This Pizza Restaurant Chain

Analysts reduced their price target on Domino's Pizza Inc (NYSE:DPZ) after its Q1 earnings miss. RBC Capital analyst Christopher Carril lowered the price target to $440 from $480 (29% upside). Carril maintained an Outperform rating on the shares. The analyst specified that the delivery staffing challenges are the primary driver of weakness. Wedbush analyst Nick Setyan maintained…

Benzinga

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Why Baytex Energy Shares Are Trading Lower Today

BMO Capital analyst Ray Kwan raised the price target for Baytex Energy Corp (TSX:BTE) (OTC:BTEGF) to C$8.50 from C$8 while maintaining the Market Perform rating on the shares. The analyst mentions that while the quarter was in line, the Clearwater at Peavine continues to deliver exceptional results, with recent wells having initial rates as high…

Benzinga

BMO Capital Boosts Advantage Energy Price Target By 17%

Advantage Energy Ltd (TSX: AAV) (OTC: AAVVF) price target has been raised to C$14 from C$12 by BMO Capital analyst Mike Murphy.

Benzinga

BMO Capital Maintains Outperform Rating for Avalara: Here's What You Need To Know

BMO Capital has decided to maintain its Outperform rating of Avalara (NYSE:AVLR) and lower its price target from $138.00 to $117.00. Shares of Avalara are trading down 0.96% over the last 24 hours, at $76.58 per share. A move to $117.00 would account for a 52.79% increase from the current…

Benzinga

BMO Capital Maintains Outperform Rating for ServiceNow: Here's What You Need To Know

BMO Capital has decided to maintain its Outperform rating of ServiceNow (NYSE:NOW) and lower its price target from $635.00 to $570.00. Shares of ServiceNow are trading up 2.41% over the last 24 hours, at $467.00 per share. A move to $570.00 would account for a 22.06% increase from the current…

Benzinga

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What Are Whales Doing With IBM

A whale with a lot of money to spend has taken a noticeably bearish stance on IBM. Looking at options history for IBM (NYSE:IBM) we detected 13 strange trades.

Benzinga

Why NFI Group Shares Are Falling Today

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…

Benzinga

BMO Capital, Canaccord Raise Altius Minerals Price Target - Read Why

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…

Benzinga

BMO Capital Cuts First Majestic Silver Price Target By 7%

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…

Benzinga

10 Biggest Price Target Changes For Tuesday

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.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For April 18, 2022

Upgrades

Benzinga

BMO Capital Downgrades This Restaurant Chain - Read Why

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…

Benzinga

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Benzinga

BMO Capital Maintains Market Perform Rating for IBM, Lowers Price Target To $148

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.

Benzinga

BMO Capital Maintains Outperform Rating for C4 Therapeutics, Lowers Price Target To $20

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.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For March 31, 2022

Upgrades

Benzinga

Read How Analysts Reacted To This Wood Pellet Grill Maker's Q4 Results

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…

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Benzinga

Analysts Continue To See Sharp Upside In Bumble Post Q4

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…

Benzinga

BMO Capital Downgrades This Automotive Supplier - Read Why

BMO Capital analyst Peter Sklar downgraded Magna International Inc (NYSE:MGA) to Market Perform from Outperform with a price target of $63, down from $89, implying an 11% upside. The analyst stated that he had previously seen a possibility of a timely resolution of the Ukraine/Russia conflict, but recent developments instead point to a protracted…

Benzinga

Analysts Bump Up Kroger Price Target Post Q4 Results

Analysts raised their price target on Kroger Co (NYSE:KR) following the release of Q4 results. BMO Capital analyst Kelly Bania raised the price target to $57 from $41 and kept a Market Perform rating on the shares, implying a 2% downside. The analyst notes that the company's Q4 earnings beat was driven by strong comps,…

Benzinga

Read How Analysts Reacted To Gap's Q4 Results

Morgan Stanley analyst Kimberly Greenberger noted Gap Inc's (NYSE:GPS) adjusted EPS loss per share of $(0.02) in Q4 beat expectations. But she finds it "difficult to avoid the conclusion that losing money in what should be one of the most profitable quarters every year suggests fundamentals and execution were gravely challenged." Greenberger thinks…

Benzinga

Analysts Slice Down This Pizza Chain's Price Targets

Analysts lowered their price target on Domino's Pizza Inc (NYSE:DPZ) following the company's Q4 results. Citi analyst Sergio Matsumoto lowered the price target to $480 (18% upside) from $540 and kept a Neutral rating on the shares. The analyst cited forecast decreases and market conditions for the reduced price target. Barclays analyst Jeffrey Bernstein lowered…

Benzinga

Analysts Adjust Price Target On Salesforce Ahead Of Quarterly Results

Analysts slashed their price targets on Salesforce.com Inc (NYSE:CRM) ahead of its quarterly results. Cowen analyst J. Derrick Wood lowered the price target to $285 from $325 (36% upside) and kept an Outperform. The analyst previewed its upcoming results. While his reads on Government and MULE are more mixed, he still expects a solid…

Benzinga

Analysts Slash Zscaler Price Target Post Q2 Results, Shares Plunge

Analysts slashed their price targets on Zscaler Inc (NASDAQ:ZS) post Q2 results. Deutsche Bank analyst Patrick Colville lowered the price target on Zscaler to $280 from $430 (6.3% upside) and kept a Buy. After a "stellar run of near-flawless execution" by Zscaler, the company's fiscal Q2 report "was mixed." Federal contracts not closing, a lack…

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