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.”
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.