Brokerage Firm Rating Update on Canadian Imperial Bank of Commerce (CM)

Canadian Imperial Bank of Commerce (CM) : Zacks Investment Research ranks Canadian Imperial Bank of Commerce (CM) as 2, which is a Buy recommendation. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 2.5, which indicates as a Buy.

Canadian Imperial Bank of Commerce (CM) : Average target price received by Canadian Imperial Bank of Commerce (CM) is $85.92 with an expected standard deviation of $15.65. The most aggressive target on the stock is $112, whereas the most downbeat target is $73. 5 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm BMO Capital maintains its rating on Canadian Imperial Bank of Commerce (NYSE:CM). The rating major has initiated the coverage with market perform rating on the shares. The Analysts at BMO Capital raises the price target from $97 per share to $103 per share. The rating by the firm was issued on August 26, 2016.

Canadian Imperial Bank of Commerce (NYSE:CM): stock was range-bound between the intraday low of $80.07 and the intraday high of $81.1 after having opened at $80.81 on Wednesdays session. The stock finally closed in the red at $80.81, a loss of -0.35%. The stock remained in the red for the whole trading day. The total traded volume was 500,177 shares. The stock failed to cross $81.1 in Wednesdays trading. The stocks closing price on Thursday was $80.75.

Canadian Imperial Bank of Commerce (CIBC) is a Canada-based financial institution. CIBC serves its clients through three strategic business units: Retail and Business Banking, Wealth Management and Wholesale Banking. Its three main operating groups are supported by six functional groups: Technology and Operations; Corporate Development; Finance; Treasury; Administration; and Risk Management, which form part of Corporate and Other. Retail and Business Banking provides financial advice, banking, investment, and authorized insurance products and services from over 1,100 branches, mobile sales force, telephone banking, and online and mobile banking. Wealth Management provides relationship-based advisory services and a suite of investment solutions to meet the needs of institutional, retail and high net worth clients. Wholesale Banking provides a range of credit, capital market, investment banking, merchant banking and research products and services to the clients.

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