On March 2, 2026, TD COWEN upgraded Bank of Montreal (NYSE:BMO) from Hold to Buy. The average one-year price target for the bank is $147.07 per share, predicting a 2.25% upside from its latest closing price of $143.84.
Projected annual revenue is $37,014 million, reflecting a 10.56% increase, while the non-GAAP EPS is expected to be $15.86. Institutional ownership saw a decrease of 11.03%, with 694 funds reporting positions. Notably, Royal Bank of Canada reduced its holdings by 30.70% this quarter.
The put/call ratio for BMO stands at 1.25, indicating a bearish outlook among investors. Overall, total institutional shares owned decreased by 9.30% over the last three months to 340,903K shares.
