Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price target increased by research analysts at Barclays from C$110.00 to C$119.00 in a report issued on Friday, StockTargetPrices.com reports. Barclays’ price target would suggest a potential upside of 0.73% from the company’s current price.

Several other equities research analysts have also commented on CM. BMO Capital Markets restated a “market perform” rating and issued a C$118.00 price target on shares of Canadian Imperial Bank of Commerce in a research note on Friday, August 25th. Scotiabank dropped their price target on shares of Canadian Imperial Bank of Commerce from C$120.00 to C$118.00 and set a “sector perform” rating on the stock in a research note on Sunday, August 27th. Keefe, Bruyette & Woods increased their price objective on shares of Canadian Imperial Bank of Commerce from C$115.00 to C$116.00 in a report on Tuesday, August 22nd. TD Securities upgraded 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 report on Wednesday, September 6th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a C$116.00 price objective on shares of Canadian Imperial Bank of Commerce in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of C$124.92.

Shares of Canadian Imperial Bank of Commerce (CM) traded up C$3.34 during trading hours on Friday, hitting C$118.14. 3,715,546 shares of the company’s stock traded hands, 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.

TRADEMARK VIOLATION NOTICE: “Canadian Imperial Bank of Commerce (CM) Price Target Increased to C$119.00 by Analysts at Barclays” was originally published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/12/01/canadian-imperial-bank-of-commerce-cm-price-target-increased-to-c119-00-by-analysts-at-barclays.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.