Bank of Montreal (NYSE: BMO) was the most positive of the group with a new Buy rating and a share price target of $71 for the stock. Citigroup’s price target implies upside of more than 14%, versus the $62.12 close on Tuesday. It is closer to 15% upside if you account for the small decline on Wednesday morning. BMO has a dividend yield of about 4.7%, and we would note that the consensus target price is listed as only $65.33 on Thomson Reuters.
Canadian Imperial Bank of Commerce (NYSE: CM), or CIBC, was given only a Neutral rating in new coverage. Its shares are up by 0.15% at $81.49 this morning, and the Thomson Reuters consensus price target is listed as $96.06. Its dividend yield is 4.6%.
Royal Bank of Canada (NYSE: RY), known on Wall Street as RBC, was downgraded to Neutral from Buy. Its shares are down by just over 1% at $60.99 this morning, and the consensus price target from Thomson Reuters is listed as $66.06. Its dividend yield is 3.9%.
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