Barclays analyst Brian Morton raised the firm’s price target on CIBC (CM) to C$88 from C$85 and keeps an Underweight rating on the shares. The company’s Q1 results again exceeded consensus, driven by better than expected fee income and net interest income, the analyst tells investors in a research note.
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Read More on CM:
- CIBC price target raised to C$108 from C$103 at RBC Capital
- CIBC price target lowered to C$98 from C$99 at BMO Capital
- CIBC price target lowered to C$99 from C$100 at TD Securities
- Buy Rating for Canadian Bank of Commerce Driven by Strong Financial Performance and Strategic Positioning
- CIBC Reports Strong Q1 2025 Financial Results
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