BMO Capital Maintains Outperform on Canadian Imperial Bank, Lowers Price Target to C$65
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Sohrab Movahedi has maintained an 'Outperform' rating on Canadian Imperial Bank (TSX:CM), but lowered the price target from C$69 to C$65.
September 01, 2023 | 12:41 pm
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BMO Capital has maintained an 'Outperform' rating on Canadian Imperial Bank but lowered the price target.
The 'Outperform' rating suggests that BMO Capital expects Canadian Imperial Bank to do better than the market average. However, the lowering of the price target could indicate a potential decrease in the stock's value. This might have a neutral impact on the stock's price in the short term as the positive and negative signals could offset each other.
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IMPORTANCE 80
RELEVANCE 100