The Latest Breaking News from BMO Capital

BMO Capital analyst John Gibson upgraded Total Energy Services Inc (TSX:TOT) (OTC:TOTZF) to Outperform from Market Perform and raised the price target to C$11 from C$10 post 1Q22 results. The analyst states that the company's inexpensive valuation (<3x 2023 EV/EBITDA) screens well relative to the coverage group. Combining this with his extremely strong outlook for…

BMO Capital analyst Tom MacKinnon downgraded Manulife Financial Corp (TSX:MFC) (NYSE:MFC) to Market Perform from Outperform, citing weak 1Q22 results and disappointing IFRS17 disclosure. The analyst also lowered the price target to C$27 from C$37. MacKinnon states that while MFC points to perhaps a larger than expected 20% decline in BVPS/10% decline in core…

 

Silver mining company First Majestic Silver Corp. (AG) has reported a sequential decline in its production in the first quarter of this year. AG’s shares have slumped more than 20% in price this year, closing the last session at less than $10. Furthermore, BMO Capital analyst Ryan Thompson has lowered…

BMO Capital has decided to maintain its Market Perform rating of Endo International (NASDAQ:ENDP) and lower its price target from $4.00 to $2.00. Shares of Endo International are trading down 14.79% over the last 24 hours, at $1.21 per share.

Several analysts lowered the price target on Papa John's International Inc (NASDAQ:PZZA) following the company's Q1 results. BMO Capital analyst Andrew Strelzik reduced the price target to $130 from $145 but maintained an Outperform rating on the shares. Deutsche Bank analyst Brian Mullan decreased the price target to $109 (25% upside) from $122 and maintained a Hold…

Upgrades

RBC Capital analyst Greg Pardy raised the price target for Baytex Energy Corp (TSX:BTE) (OTC:BTEGF) to C$7 from C$6 while maintaining the Sector Perform rating on the shares. Pardy notes Baytex is off to a nice start in 2022 amid ongoing debt reduction and impressive drilling results in its emerging Clearwater oil play. The analyst…

Toromont Industries Ltd (TSX:TIH) (OTC:TMTNF) price target has been raised to C$130 from C$126 by BMO Capital analyst Devin Dodge with an Outperform rating for the shares. Dodge stated that the demand backdrop remains very favorable for Toromont, and they expect activity levels in TIH's territories to gain momentum through 2022. Supply chain challenges tempers…

Analysts reduced their price target on Domino's Pizza Inc (NYSE:DPZ) after its Q1 earnings miss. RBC Capital analyst Christopher Carril lowered the price target to $440 from $480 (29% upside). Carril maintained an Outperform rating on the shares. The analyst specified that the delivery staffing challenges are the primary driver of weakness. Wedbush analyst Nick Setyan maintained…

BMO Capital analyst Ray Kwan raised the price target for Baytex Energy Corp (TSX:BTE) (OTC:BTEGF) to C$8.50 from C$8 while maintaining the Market Perform rating on the shares. The analyst mentions that while the quarter was in line, the Clearwater at Peavine continues to deliver exceptional results, with recent wells having initial rates as high…