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Analysts Offer Insights on Financial Companies: Bank Of Montreal (BMO), CI Financial (CIXX) and Summit Industrial Income REIT (OtherSMMCF)

Analysts have been eager to weigh in on the Financial sector with new ratings on Bank Of Montreal (BMOResearch Report), CI Financial (CIXXResearch Report) and Summit Industrial Income REIT (SMMCFResearch Report).

Bank Of Montreal (BMO)

In a report issued on August 15, Darko Mihelic from RBC Capital maintained a Buy rating on Bank Of Montreal, with a price target of C$158.00. The company’s shares closed last Tuesday at $105.16.

According to TipRanks.com, Mihelic is a 4-star analyst with an average return of 6.6% and a 62.5% success rate. Mihelic covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bank Of Montreal with a $118.07 average price target, representing a 14.5% upside. In a report issued on August 15, Barclays also maintained a Buy rating on the stock with a C$140.00 price target.

See the top stocks recommended by analysts >>

CI Financial (CIXX)

RBC Capital analyst Geoffrey Kwan maintained a Hold rating on CI Financial on August 12 and set a price target of C$17.00. The company’s shares closed last Tuesday at $12.45.

According to TipRanks.com, Kwan is a 4-star analyst with an average return of 5.3% and a 53.8% success rate. Kwan covers the Financial sector, focusing on stocks such as Element Fleet Management, Brookfield Asset Mng, and Equitable Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CI Financial with a $14.98 average price target, which is a 21.0% upside from current levels. In a report issued on August 3, TD Securities also maintained a Hold rating on the stock with a C$14.50 price target.

Summit Industrial Income REIT (SMMCF)

In a report issued on August 12, Pammi Bir from RBC Capital maintained a Hold rating on Summit Industrial Income REIT, with a price target of C$21.50. The company’s shares closed last Tuesday at $14.91.

According to TipRanks.com, Bir is a 4-star analyst with an average return of 11.4% and a 63.4% success rate. Bir covers the Financial sector, focusing on stocks such as Allied Properties Real Estate Investment Trust, Choice Properties Real Estate Investment, and NorthWest Healthcare Properties REIT.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Summit Industrial Income REIT with a $17.27 average price target.

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