BMO

Name brand consumer goods continue to outpace private labels. U.S. edibles sales have increased 0.8 percent in the past 12 weeks according to a new report by BMO Capital Markets. Total branded value sales of name brands continue to surpass private label units with an increase of 1.5 percent...

BMO thinks Retrophin Inc (NASDAQ: RTRX) shares should touch $20 even in a worst case scenario where the upcoming Phase II DUET data for Sparsentan in FSGS delivers no benefit or unacceptable edema rates. Retrophin is BMO's top small-cap biotech pick, as it believes "shares are undervalued given...

BMO Capital Markets has initiated coverage of Ingersoll-Rand PLC (NYSE: IR) with an Outperform rating and $80 price target, which implies an upside of 20 percent from current levels. The brokerage's bullish thesis is centered on "1) a reasonably valued stock; 2) huge upside potential for returns;...

Despite the strong jobs report seen in June, analysts at BMO Capital Markets are still not sold on staffing stocks in Q2. While analysts believe June was a better month for most providers, it likely was not enough to save the quarter. BMO Capital Markets analysts expect a sequential slowdown from...

BMO analysts have urged investors to buy Mastercard Inc (NYSE: MA) ahead of its second-quarter earnings on July 28. Wall Street expects Mastercard to earn $0.90 a share on revenue of $2.59 billion for the second quarter. Analyst James Fotheringham listed four reasons why investors should buy...

BMO has downgraded Chubb Ltd (NYSE: CB) to Market Perform from Outperform as it "waits for a better entry point." The brokerage had upgraded shares of Chubb last summer on the thesis that the merger with ACE would generate superior returns and with it an outperformance of the stock. "With the stock...

Wall Street has given a thumbs up to Packaging Corp Of America (NYSE: PKG)'s deal to buy privately-held corrugated producer TimBar for $386 million in cash. Packaging Corp will acquire three sheet plants, two box plants, two fulfillment centers and four design centers. The company is pointing to...

BMO maintains its Market Perform rating on MSC Industrial Direct Co Inc (NYSE: MSM), expressing concern over the company's weak operating environment. The company's third quarter EPS came in better than expected as slow sales were offset by cost reductions. But, fourth-quarter sales and guidance...

As multiple suitors line up to acquire Medivation Inc (NASDAQ: MDVN), BMO Capital said a winning bid will require an acceptable value for Talazoparib, likely a premium over the $410 million upfront payment to BioMarin Pharmaceutical Inc. (NASDAQ: BMRN). The Talazoparib Issue Last year, Medivation...

BMO Capital provided its analysis on Lululemon Athletica inc. (NASDAQ: LULU) on Thursday. The analysts stated the company is the only brand in their data that posted declining quarter-to-date markdowns. They believe the company, with 5 percent markdowns, is beginning to anniversary the negative...

BMO Capital Markets has upgraded ,strong>DavidsTea Inc (NASDAQ: DTEA) to Outperform, as it believes the company is well positioned to achieve its long-term earnings goals. "We believe DTEA's modern in-store experience, innovative culture, attractive market positioning, and track record of strong...

BMO Capital provided its analysis on American Eagle Outfitters (NYSE: AEO) on Thursday, keeping the firm's conservative outlook steady. The analysts believe the competitive pricing strategies from other companies, such as Abercrombie & Fitch Co. (NYSE: ANF), caused Eagle to increase its...

BMO Capital recently lowered its EPS estimates for Abercrombie & Fitch Co. (NYSE: ANF). In its report published Thursday, the analysts reiterated their Market Perform rating on the company, but reduced the Q2 EPS estimate to $0.11 from $0.14 and the 2016 EPS estimate to $0.74 from $0.77....

BMO is encouraged that Chipotle Mexican Grill, Inc. (NYSE: CMG) is beginning to execute on several initiatives that could represent both near- and long-term sales drivers. A key investor concern regarding Chipotle has been that same-store sales growth was slowing more than expected, even before...

BMO maintains its Outperform rating on Pattern Energy Group Inc (NASDAQ: PEGI) on improved drop-down acquisition growth and attractive valuation. After almost a one-year lull in acquisition activity, Pattern Energy said it will be acquiring the 324MW Broadview wind project in New Mexico and...