Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price objective boosted by investment analysts at CSFB from C$116.00 to C$125.00 in a research note issued on Friday, StockTargetPrices.com reports. The firm currently has an “outperform” rating on the stock. CSFB’s price target would indicate a potential upside of 5.81% from the company’s previous close.

Several other research analysts also recently weighed in on the company. Citigroup downgraded Canadian Imperial Bank of Commerce from a “buy” rating to a “neutral” rating and boosted their price target for the company from C$113.00 to C$120.00 in a report on Wednesday, October 25th. Canaccord Genuity set a C$121.00 price target on Canadian Imperial Bank of Commerce in a report on Wednesday, November 1st. TD Securities upgraded Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating and set a C$120.00 price target for the company in a report on Wednesday, September 6th. Scotiabank boosted their price target on Canadian Imperial Bank of Commerce from C$118.00 to C$120.00 and gave the company a “sector perform” rating in a report on Monday, August 21st. Finally, Keefe, Bruyette & Woods boosted their price target on Canadian Imperial Bank of Commerce from C$115.00 to C$116.00 in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Canadian Imperial Bank of Commerce has an average rating of “Hold” and an average target price of C$124.92.

Shares of Canadian Imperial Bank of Commerce (CM) traded up C$3.34 during trading 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 1 year low of C$103.84 and a 1 year 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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Analyst Recommendations for Canadian Imperial Bank of Commerce (TSE:CM)

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