Canadian Imperial Bank of Commerce (CM) PT Raised to C$135.00

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price objective increased by analysts at Scotiabank from C$128.00 to C$135.00 in a research report issued on Friday, StockTargetPrices.com reports. Scotiabank’s target price would suggest a potential upside of 14.27% from the company’s previous close.

Several other equities research analysts have also recently commented on CM. Barclays increased their price target on Canadian Imperial Bank of Commerce from C$110.00 to C$119.00 in a report on Friday. Canaccord Genuity set a C$126.00 price target on Canadian Imperial Bank of Commerce in a report on Friday. National Bank Financial increased 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 report on Friday. CSFB increased 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 report on Friday. Finally, Royal Bank Of Canada increased 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 report on Friday. One investment 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. The stock has an average rating of “Hold” and an average price target of C$124.92.

Canadian Imperial Bank of Commerce (TSE:CM) traded up C$3.34 during trading hours on Friday, hitting C$118.14. The company 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 12-month low of C$103.84 and a 12-month high of C$120.83.

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Canadian Imperial Bank of Commerce Company Profile

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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