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Tuesday's analyst upgrades and downgrades Add to ...

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Inside the Market’s roundup of some of today’s key analyst actions

Credit Suisse analyst Kevin Choquette downgraded Bank of Montreal (BMO-T) after it restated its regulatory capital ratios for the first three quarters of the year on Tuesday.

Moving his rating to “underperform” from “neutral,” Mr. Choquette emphasized its industry-low return on equity (ROE) and high valuation.

The analyst also lowered his price target to $93 from $98. The analyst average is $87.52, according to Bloomberg.

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