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Bank of Montreal (TSE:BMO) received a price target increase from UBS Group, now set at C$160.00, indicating an 8.28% potential upside. Multiple analysts have raised their targets, with a consensus rating of "Moderate Buy" and an average target of C$149.31. The stock recently traded down 0.7% to C$147.77, with a market cap of C$107.03 billion.
National Bank of Canada saw its target price cut by UBS Group from C$145.00 to C$140.00, indicating an 18.04% potential upside. Analysts have mixed ratings, with one sell, nine holds, and three buys, while the stock recently traded down 1.2% to C$118.60. Insider activity included a sale of 600 shares by Marie-Chantal Gingras and a purchase of 334 shares by Director Yvon Charest.
Barclays analysts note a lack of tariff premium in dollar pairs, particularly in dollar CAD and euro dollar, due to previous false starts on tariffs and shifting deadlines for Mexico and Canada. While there is a belief in mutually assured destruction preventing severe tariffs, the potential for sectoral tariffs remains a concern, indicating that the market may need to adjust its expectations. The absence of any premium suggests uncertainty about the enactment of trade policies, complicating short positions on the dollar.
Wall Street has sharply declined amid rising economic uncertainties, doubts over AI investments, and new tariffs announced by the Trump administration, which are expected to hinder global growth and impact American purchasing power. The Nasdaq 100 is testing critical support around 20,500 points, with a potential correction to 19,000 points if economic data continues to disappoint, particularly regarding unemployment. The current market shows increased fragility, with low participation indicators despite the index nearing highs.
Alimentation Couche-Tard remains interested in a "friendly" takeover of Seven & i, the Japanese owner of 7-Eleven, after a rival buyout plan faltered. Despite a previous rejection of a nearly $40 billion offer, ACT aims to create a global retail leader while addressing regulatory concerns and maintaining Seven & i's role in Japan's emergency response infrastructure.
Shares of ET are trading near post-earnings highs, up about 3%. Following Nvidia's earnings report, Deutsche Bank analysts caution that while the current AI capex boom is significant, historical patterns suggest potential for a bust, particularly if market enthusiasm wanes. Meanwhile, Cronos Group's stock rose after reporting improved profitability and a 35% revenue increase for 2024, driven by higher sales in Canada and Israel.
Warren Buffett's Berkshire Hathaway has amassed $334 billion, leading to speculation about his next investment moves after selling $134 billion in stocks. With a strong focus on energy, particularly oil, Buffett has increased his stake in Occidental Petroleum, signaling potential investments in Canadian crude, especially with the revival of the Keystone XL pipeline project. This strategic positioning aligns with the U.S.'s reliance on Canadian oil and the need for energy security.
US equities faced a third consecutive day of losses, with the S&P 500's longest losing streak this year, as investors remain cautious amid President Trump's tariff comments on Canada and Mexico. Despite potential volatility, a rise to 6,600 by year-end is anticipated, emphasizing the need for portfolio diversification. Meanwhile, the AI sector shows promise, with strong demand expected for NVIDIA's chips and significant capex growth from major US tech firms.
US equities faced a third consecutive decline, with the S&P 500 experiencing its longest losing streak of the year amid investor caution over US-China tensions and tariff discussions. Despite this volatility, UBS anticipates a rebound, particularly in China's internet sector, driven by strong fundamentals and AI innovation. They maintain a year-end target of 6,600 points for the S&P 500, emphasizing the need for portfolio diversification and capital preservation strategies.
Bombardier, Inc. Class B has been upgraded by UBS Group from a "sell" to a "neutral" rating, with a new target price of C$95.00, reflecting a potential upside of 1.46%. Despite a "Moderate Buy" rating from analysts, several firms have lowered their price targets, with an average consensus target of C$114.67. The stock recently traded at C$93.63, with a twelve-month range between C$46.75 and C$113.60.
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bank of montreal stock receives positive forecasts from multiple analysts
20:15 01.03.2025
national bank of canada target price lowered by analysts amid mixed ratings
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barclays highlights absence of tariff premium in dollar currency pairs
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nasdaq 100 faces critical support test amid economic uncertainties and trade tensions
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Couche-Tard pursues friendly takeover of 7-Eleven amid funding challenges
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Warren Buffett's strategic investments signal a potential energy market resurgence
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us equities face volatility as tariff concerns and economic health intertwine
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16:30 25.02.2025
ubs predicts stock rebound amid investor caution and tariff concerns
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15:19 25.02.2025
bombardier inc class b receives mixed analyst ratings and price target updates
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