tiprankstipranks

CIBC price target raised to C$77 from C$76 at Jefferies

Jefferies raised the firm’s price target on CIBC to C$77 from C$76 and keeps a Buy rating on the shares. Among the Canadian banks, the firm is looking for “an unspectacular but solid” Q2, adding that it favors banks weighted toward fee based revenues and those that have the ability to generate positive operating leverage.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue