BMO cuts FirstService stock price target on sector valuation pressure
BMO Capital reduced its price target for FirstService Corp (FSV) to $179 from $192, citing sector valuation pressure. The stock is down 24% from its 52-week high. FirstService reported in-line Q3 2026 results, with FSB organic growth at 3%. Analysts highlight solid backlog and consistent growth, but note headwinds in Roofing and Home Services. The company has raised its dividend for 11 consecutive years. Recent earnings beat expectations, with adjusted EPS of $1.89 and revenue of $1.53 billion.

