Bank of Montreal reinstated with an Outperform at Credit Suisse

Credit Suisse analyst Joo Ho Kim reinstated coverage of Bank of Montreal with an Outperform rating and price target of C$143, down from C$152. The analyst favors BMO‘s long-term growth strategy from its commercial franchise across Canada and the U.S., "particularly given the strong track record of performance." BMO’s credit experience has also outperformed its peers, as measured by historical write-offs, and the bank continues to hold a solid buffer of allowances, Kim tells investors in a research note.