Scotiabank Raises its Price Target on Bank of Montreal (BMO)

Scotiabank Raises its Price Target on Bank of Montreal (BMO) Jeff Lewis Wed, June 24, 2026 at 10:13 PM GMT+2 1 min read BMO Bank of Montreal (NYSE:BMO) is one of the 10 All-Time High Stocks with Legs to Rally Further . On June 16, 2026, Scotiabank analyst Mike Rizvanovic raised the firm's price target on Bank of Montreal (NYSE:BMO) to C$239 from C$234 and maintained an Outperform rating. Earlier in June, Mike Rizvanovic also upgraded Bank of Montreal to Outperform from Sector Perform and raised the price target to C$234 from C$209 following the fiscal Q2 report.

Rizvanovic cited "strong potential lending volume upside" in the U. S. , where the bank has completed its optimization and is expanding within its targeted California footprint.

Scotiabank also sees "clear momentum" in BMO's return on equity trajectory. Scotiabank Raises its Price Target on Bank of Montreal (BMO) Last month, BMO renewed its strategic partnership with the Vector Institute for Artificial Intelligence for another five years. The collaboration will continue to provide access to AI research, specialized talent, and applied programs supporting BMO's strategy.

Bank of Montreal (NYSE:BMO) provides diversified financial services primarily in North America through Canadian Personal and Commercial Banking, U. S. Banking, Wealth Management, and Capital Markets.

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