Canaccord analyst Scott Chan lowered the firm’s price target on Bank of Montreal to C$147.50 from C$151 and keeps a Buy rating on the shares. The analyst noted the have received all the required regulatory approvals to close the Bank of the West acquisition and expects closing the transaction on February 1, 2023. His target change takes into consideration its plans for a $3.4B equity raise.
Published first on TheFly
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