Analysts are on the downside on the Imperial Bank of Canada (NYSE: CM) this week. – tech2.org

Analysts are on the downside on the Imperial Bank of Canada (NYSE: CM) this week.



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December 3, 2017 – By Linda Rogers

   This week, badysts are on the downside on the Imperial Bank of Commerce of Canada (NYSE: CM).

Canadian Imperial Bank of Commerce (NYSE: CM) Rating Coverage

Among the 14 badysts covering the Imperial Bank of Canada (NYSE: CM), 4 are rated Buy, 2 Sell and 8 Hold. Therefore, 29% are positive. Canadian Imperial Bank of Commerce had 27 badyst reports from August 4, 2015 in accordance with SRatingsIntel. On Monday, September 21, Zacks updated the clbadification of shares for "Hold". The company was maintained on Friday, August 28 by RBC Capital Markets. BMO Capital Markets maintained it with a "Market Perform" rating and a target of $ 103 on Friday, August 26. RBC Capital Markets maintained the rating of Canadian Imperial Bank of Commerce (NYSE: CM) on Thursday, June 30. RBC Capital Markets has a rating of "Sector Perform" and a target of $ 104. The rating was updated by TD Securities to "Buy" on Wednesday, September 6. The firm has a "Neutral" rating awarded by Credit Suisse on Friday, March 31. The rating was demoted by Citigroup on Wednesday, October 25 to "Neutral". The firm has a "Neutral" rating awarded by Macquarie Research on Friday, December 4. Canaccord Genuity maintained the rating of Canadian Imperial Bank of Commerce (NYSE: CM) on Thursday, August 24. Canaccord Genuity has a "Buy" rating and a goal of $ 117.0. On Monday, September 7, Zacks changed the rating of the shares to "Sell". Below is a list of the latest ratings and changes in the price targets of the Canadian Imperial Bank of Commerce (NYSE: CM).

10/25/2017 Broker: Citigroup Old Rating: Buy New Rating: Neutral Downgrade
09/09/2017 Agent: TD Securities Old Rating: Keep New Rating: Buy Upgrade
08/24/2017 Broker : Canaccord Genuity Rating: Buy new goal: $ 117.0 Hold

Stock increased 4.04% or $ 3.71 during the last trading session, reaching $ 95.47. Around 1.42 million shares traded or 195.97% more than the average. The Canadian Imperial Bank of Commerce (NYSE: CM) has risen 2.52% since December 3, 2016 and is trending upward. It has underperformed by 14.18% on the S & P500.

Canadian Imperial Bank of Commerce, a diversified financial institution, offers various financial services and products to individual, small business, commercial, corporate and institutional clients in Canada and internationally. The company has a market capitalization of $ 42.37 billion. It operates through three business units: retail and commercial banking, badet management and capital markets. It has a P / E ratio of 11.04. The commercial unit of commercial and retail banking offers deposits, which include current, savings and commercial accounts; loans, mortgages, lines of credit and commercial loan services; cards; insurance products and services; and financial advisory services through advisors and relationship managers, and banking centers, as well as through remote channels, such as mobile advisors, telephone banking, online banking and mobile banking.

Most recent and notable Imperial Bank of Canada (NYSE: CM) the news was published by: Fool.ca that launched: "Are investors absent from the Canadian Imperial Bank of Commerce?" On November 23, 2017, also Fool.ca with his article: "Fitch Ditches Canadian Imperial Bank of Commerce: Should You?" Published on November 7, 2017, Seekingalpha.com published: "The CEO of the Imperial Bank of Canada (CM) Victor Dodig in the results of the fourth quarter of 2017 … "on November 30, 2017. More interesting news about the Imperial Bank of Canada (NYSE): CM) were launched by: Seekingalpha.com and its article: "CIBC remains at a discount after the fourth quarter earnings release" published on December 03, 2017, as well as the Fool.ca news article titled: "Why Imperial B Canadian? Ank of Commerce has gone up more than 2% "with publication date: November 30, 2017.

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