Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) has been assigned a C$126.00 target price by Canaccord Genuity in a report released on Friday, StockTargetPrices.com reports. Canaccord Genuity’s price target points to a potential upside of 6.65% from the company’s previous close.

CM has been the subject of a number of other reports. Citigroup cut shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “neutral” rating and upped their price objective for the company from C$113.00 to C$120.00 in a research report on Wednesday, October 25th. Scotiabank upped their price objective on shares of Canadian Imperial Bank of Commerce from C$118.00 to C$120.00 and gave the company a “sector perform” rating in a research report on Monday, August 21st. Keefe, Bruyette & Woods upped their price objective on shares of Canadian Imperial Bank of Commerce from C$115.00 to C$116.00 in a research report on Tuesday, August 22nd. Barclays upped their price objective on shares of Canadian Imperial Bank of Commerce from C$110.00 to C$119.00 in a research report on Friday. Finally, TD Securities raised shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating and set a C$120.00 price objective for the company in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Canadian Imperial Bank of Commerce has a consensus rating of “Hold” and an average target price of C$124.92.

Shares of Canadian Imperial Bank of Commerce (TSE:CM) traded up C$3.34 during trading on Friday, reaching C$118.14. 3,715,546 shares of the company were exchanged, compared to its average volume of 1,341,878. Canadian Imperial Bank of Commerce has a 12-month low of C$103.84 and a 12-month high of C$120.83.

COPYRIGHT VIOLATION NOTICE: This news story was originally published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/01/canaccord-genuity-analysts-give-canadian-imperial-bank-of-commerce-cm-a-c126-00-price-target.html.

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets.

Stock Target Prices

Analyst Recommendations for Canadian Imperial Bank of Commerce (TSE:CM)

Receive News & Ratings for Canadian Imperial Bank of Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Imperial Bank of Commerce and related companies with MarketBeat.com's FREE daily email newsletter.