CIBC Maintains Neutral Rating with C$27 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Source: Yahoo Finance
- Rating Maintenance: CIBC Capital Markets announced on Wednesday that it is maintaining a neutral rating on a certain company, indicating a cautious outlook on market prospects without making a bullish price prediction.
- Price Target Set: CIBC has set a price target of C$27, reflecting a conservative estimate of the company's future performance, which may influence investor decisions and market sentiment.
- Market Reaction: The maintenance of this rating and price target could lead to decreased investor attention on the company's stock, potentially affecting its trading volume and liquidity in the short term.
- Industry Impact: CIBC's neutral rating may prompt follow-up from other analysts in the industry, further influencing the overall market perception and investment strategies regarding the company.
Analyst Views on CM
Wall Street analysts forecast CM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CM is 93.02 USD with a low forecast of 84.94 USD and a high forecast of 99.34 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
4 Buy
4 Hold
1 Sell
Moderate Buy
Current: 93.420
Low
84.94
Averages
93.02
High
99.34
Current: 93.420
Low
84.94
Averages
93.02
High
99.34
About CM
Canadian Imperial Bank of Commerce is a North American financial institution. The Company's segments include Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. Canadian Personal and Business Banking segment provides personal and business clients across Canada with financial advice, services and solutions through banking centers, mobile and online channels. Canadian Commercial Banking and Wealth Management segment provides relationship-oriented banking and wealth management services. U.S. Commercial Banking and Wealth Management segment is focused on middle-market and mid-corporate companies, entrepreneurs, high-net-worth individuals and families, as well as operating personal and small business banking services in six United States markets. Capital Markets segment provides integrated global markets products and services, investment banking and corporate banking solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
