(Bloomberg) A US-style megadeal is possible in Canada’s oil patch as investors increasingly seek large, low-cost producers, though the pressures that pushed Exxon Mobil Corp. and Chevron Corp. to pursue blockbuster takeovers aren’t as strong north of the border, says Bank of Montreal’s top energy banker.Most Read from BloombergTrumpism Is Emptying ChurchesIran’s Better, Stealthier Drones Are Remaking Global WarfareBillionaire Geiger, Blackstone Near L’Occitane DealUkraine Says It’s Behind Bla
BMO Capital Markets upgraded shares of Royal Bank of Canada (NYSE:RY – Free Report) (TSE:RY) from a market perform rating to an outperform rating in a research report released on Friday morning, Marketbeat reports. The brokerage currently has $150.00 target price on the financial services provider’s stock, up from their prior target price of $140.00. […]
RPM International (NYSE:RPM – Free Report) had its target price trimmed by BMO Capital Markets from $127.00 to $123.00 in a research note published on Friday morning, Benzinga reports. The firm currently has an outperform rating on the specialty chemicals company’s stock. Several other analysts also recently commented on RPM. UBS Group boosted their target […]
Athabasca Oil (TSE:ATH – Get Free Report) received a C$6.50 price objective from analysts at BMO Capital Markets in a report released on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the oil and gas exploration company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 24.52% from the […]
Manulife Financial (TSE:MFC – Get Free Report) (NYSE:MFC) had its price objective upped by investment analysts at BMO Capital Markets from C$35.00 to C$40.00 in a report released on Monday, BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 19.72% from the stock’s current price. Other research analysts also recently issued reports […]