Raymond James Financial Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

Raymond James Financial has raised its price target for Bank of Montreal (TSE:BMO) to C$268 from C$233.50, maintaining an "outperform" rating and implying a 4.73% upside. Other analysts have also adjusted their price targets for BMO, with the consensus rating currently "Hold" and an average price target of C$233.83. Bank of Montreal shares recently traded near their 12-month high after reporting C$3.67 in quarterly EPS and C$9.57 billion in revenue, although insiders have sold over C$10 million worth of shares in the last 90 days.