Bank of Montreal price target lowered to C$130 from C$134 at RBC Capital

RBC Capital analyst Darko Mihelic lowered the firm’s price target on Bank of Montreal to C$130 from C$134 and keeps an Outperform rating on the shares. The company’s Q1 results saw weakness in revenue, though with expense synergies in place and some idiosyncratic revenue hits, revenues should rebound, the analyst tells investors in a research note.