Breaking: RBC Capital Keeps $135 Target Price per Share On Canadian Imperial Bank (NYSE:CM) Shares, Keeps Their Original Sector Perform Rating

May 24, 2018 - By Nellie Frank

Canadian Imperial Bank of Commerce (NYSE:CM) Logo

Canadian Imperial Bank (NYSE:CM) Rating Reaffirmed

RBC Capital now has a $135 target price on the $39.93 billion market cap company or 51.18 % upside potential. In a research note issued on Thursday, 24 May, Canadian Imperial Bank (NYSE:CM) shares have had their Sector Perform Rating restate by stock analysts at RBC Capital.

Canadian Imperial Bank of Commerce (NYSE:CM) Ratings Coverage

Among 2 analysts covering Canadian Imperial Bank Of Commerce (NYSE:CM), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Canadian Imperial Bank Of Commerce had 2 analyst reports since December 1, 2017 according to SRatingsIntel. The rating was upgraded by Barclays Capital to “Overweight” on Tuesday, December 19. On Friday, December 1 the stock rating was upgraded by Credit Suisse to “Outperform”.

The stock decreased 0.29% or $0.26 during the last trading session, reaching $89.3. About 357,630 shares traded. Canadian Imperial Bank of Commerce (NYSE:CM) has risen 0.83% since May 25, 2017 and is uptrending. It has underperformed by 10.72% the S&P500.

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial services and products to individual, small business, commercial, corporate, and institutional clients in Canada and internationally. The company has market cap of $39.93 billion. It operates through three business units: Retail and Business Banking, Wealth Management, and Capital Markets. It has a 10.65 P/E ratio. The Retail and Business Banking business unit offers deposits, including checking, savings, and business accounts; loans, mortgages, lines of credit, and business lending services; cards; insurance services and products; and financial advisory services through advisors and relationship managers, and banking centers, as well as through remote channels, such as mobile advisors, telephone banking, online banking, and mobile banking.

More important recent Canadian Imperial Bank of Commerce (NYSE:CM) news were published by: Streetinsider.com which released: “Form 6-K CANADIAN IMPERIAL BANK For: May 23” on May 23, 2018, also Seekingalpha.com published article titled: “CIBC plans to buy back up to 9M shares; FQ2 mortgage growth slows”, Benzinga.com published: “Earnings Scheduled For May 23, 2018” on May 23, 2018. More interesting news about Canadian Imperial Bank of Commerce (NYSE:CM) was released by: Fool.ca and their article: “Where Investors Can Find the Best Dividend-Paying Bank” with publication date: May 22, 2018.

Canadian Imperial Bank of Commerce (NYSE:CM) Ratings Chart

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