Barclays raised the firm’s price target on CIBC (CM) to C$119 from C$106 and keeps an Underweight rating on the shares as part of a Q4 earnings preview. The firm expects earnings for the Canadian banks to modestly decline sequentially on seasonality.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CM:
- CIBC price target raised to C$117 from C$111 at Canaccord
- CIBC Expands European CDR Offerings for Canadian Investors
- CIBC Announces Split of Canadian Depositary Receipts
- CIBC Releases Updated Code of Conduct Emphasizing Ethical Standards
- CIBC Announces Special Cash Distribution for Honeywell CDR Holders