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CIBC price target raised to C$97 from C$74 at RBC Capital
The Fly

CIBC price target raised to C$97 from C$74 at RBC Capital

RBC Capital raised the firm’s price target on CIBC (CM) to C$97 from C$74 and keeps a Sector Perform rating on the shares. RBC said Q4 was “stronger than anticipated on lower than expected PCLs,” and the firm added that it believes CIBC’s guidance is “credible.”

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