CIBC price target raised to C$94 from C$90 at Barclays

Barclays analyst Brian Morton raised the firm’s price target on CIBC (CM) to C$94 from C$90 and keeps an Underweight rating on the shares. Canadian banks wrapped up Q2 earnings with four exceeding consensus, but headwinds remain with the impact of tariffs yet to be realized amid a weaker economic picture, the analyst tells investors in a research note.