# BMO Capital Markets

Type: Company

Source: Supply Chain Intelligence Brief — https://getsupplybrief.com/entity/bmo-capital-markets
Canonical HTML page: https://getsupplybrief.com/entity/bmo-capital-markets

## Timeline

- **2026-07-10**: GrafTech shares trade 2.6% higher — Shares rose to $5.9110 on below-average volume of 206,136 shares, after a prior close of $5.76.
- **2026-06-29**: Weiss Ratings lowers to sell (e+) — Weiss Ratings lowered GrafTech from sell (d-) to sell (e+).
- **2026-06-22**: Statistics Canada releases May CPI data — Headline inflation confirmed at 3.2%, up from 2.8% in April; highest reading since December 2023
- **2026-06**: Gas prices retreat as peace talks progress — BMO's Doug Porter reports June tracking for ~10% decline in gas prices amid US-Iran peace negotiations, signaling the inflation spike is already receding
- **2026-05-09**: Wall Street Zen upgrades to sell — Wall Street Zen upgraded GrafTech from a strong sell rating to a sell rating.
- **2026-05-05**: RBC reiterates sector perform — Royal Bank of Canada reiterated a sector perform rating and set a $10.00 price objective.
- **2026-05-04**: BMO raises price target to $8.00 — BMO Capital Markets raised its target price from $6.00 to $8.00 and assigned a market perform rating.
- **2026-05**: Gas prices surge 33.2% YoY — Gasoline prices hit highest level since June 2022 as Iran conflict shuttered the Strait of Hormuz; air transportation costs also jumped 7.4%
- **2026-05-01**: GrafTech reports quarterly earnings miss — GrafTech reported EPS of -$2.05, missing the consensus estimate of -$1.25 by $0.80, with revenue of $125.10 million.
- **2026-04-14**: JPMorgan reiterates underweight rating — JPMorgan Chase & Co. restated an underweight rating on GrafTech International shares.
- **2026-04**: Inflation at 2.8% — Annual inflation rate prior to the May jump, already showing upward pressure from early Strait of Hormuz disruption
- **2023-12**: Previous inflation peak — The last time Canada's headline inflation rate was as high as the 3.2% recorded in May 2026
- **2022-06**: Previous gas price peak — Gas prices reached record levels driven by Russia's invasion of Ukraine — the comparator for May 2026's pump prices as the highest since this date

## Recent coverage (2 stories)

### Graphite Electrode Maker EAF Jumps 2.6% to $5.91 Amid Supply Chain Headwinds
2026-08-12 17:11:16 · Sentiment: Neutral · Impact: 5/10 · Sources: 2

GrafTech's 2.6% daily rise obscures deeper weakness: analyst downgrades, an EPS miss of $0.80, and a market cap of just $154M. For supply chain professionals, the move is a reminder to watch graphite electrode pricing and supplier financial health.
Full story: https://getsupplybrief.com/story/graftech-eaf-supply-chain-2-6-percent-rise-july-2026

### Strait of Hormuz closure drives 33.2% gas price surge, rippling through supply chains
2026-06-24 23:31:44 · Sentiment: Negative · Impact: 6/10 · Sources: 2

The Iran conflict's closure of the Strait of Hormuz — a chokepoint handling 20% of global oil — sent Canadian gasoline prices up 33.2% YoY in May. With jet fuel costs also climbing, air freight and logistics operators face rising input costs that will squeeze margins through the summer. Early June data already shows a 10% price retreat as peace talks progress, but the episode exposes the fragility of energy-dependent supply chains.
Full story: https://getsupplybrief.com/story/strait-of-hormuz-oil-supply-disruption-canada-inflation-2026

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