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Analysts Offer Insights on Financial Companies: Bank Of Montreal (BMO) and Westpac Banking (OtherWEBNF)

Tipranks - Sat Mar 21, 2:31AM CDT

Analysts are pulling back from the Financial sector as 2 experts expressed today bearish sentiments on Bank Of Montreal (BMO) and Westpac Banking (WEBNF).

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Bank Of Montreal (BMO)

Bank Of Montreal received a Sell rating and a C$199.00 price target from Barclays analyst Brian Morton today. The company’s shares closed last Thursday at $136.62.

According to TipRanks.com, Morton is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.3% and a 31.1% success rate. Morton covers the Financial sector, focusing on stocks such as Grupo Financiero Inbursa SAB de CV, Canadian Bank of Commerce, and National Bank of Canada. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Bank Of Montreal with a $152.77 average price target.

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Westpac Banking (WEBNF)

In a report released today, Richard Wiles from Morgan Stanley maintained a Sell rating on Westpac Banking, with a price target of A$35.70. The company’s shares closed last Tuesday at $29.83.

According to TipRanks.com, Wiles is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -9.3% and a 28.0% success rate. Wiles covers the Financial sector, focusing on stocks such as National Australia Bank Limited, Bendigo & Adelaide Bank, and ANZ Group Holdings. ;'>

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Westpac Banking with a $25.31 average price target, a -11.8% downside from current levels. In a report issued on March 17, Jarden also maintained a Sell rating on the stock with a A$32.00 price target.

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