Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price objective raised by TD Securities from C$125.00 to C$135.00 in a research note issued to investors on Friday, StockTargetPrices.com reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 14.27% from the stock’s current price.

Several other research firms also recently weighed in on CM. Royal Bank Of Canada boosted their price target on Canadian Imperial Bank of Commerce from C$119.00 to C$128.00 and gave the company a “sector perform” rating in a research note on Friday. National Bank Financial boosted their price target on Canadian Imperial Bank of Commerce from C$125.00 to C$133.00 and gave the company an “outperform” rating in a research note on Friday. CSFB boosted their price target on Canadian Imperial Bank of Commerce from C$116.00 to C$125.00 and gave the company an “outperform” rating in a research note on Friday. Canaccord Genuity set a C$126.00 target price on Canadian Imperial Bank of Commerce in a research note on Friday. Finally, Barclays upped their target price on Canadian Imperial Bank of Commerce from C$110.00 to C$119.00 in a research note on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Canadian Imperial Bank of Commerce presently has a consensus rating of “Hold” and an average price target of C$124.92.

Canadian Imperial Bank of Commerce (CM) traded up C$3.34 during trading on Friday, reaching C$118.14. The company’s stock had a trading volume of 3,715,546 shares, compared to its average volume of 1,341,878. Canadian Imperial Bank of Commerce has a twelve month low of C$103.84 and a twelve month high of C$120.83.

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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.

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