RBC Capital Maintains Sector Perform on Canadian Imperial Bank, Lowers Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Darko Mihelic has maintained a 'Sector Perform' rating on Canadian Imperial Bank (NYSE:CM) but lowered the price target from C$72 to C$67.
September 01, 2023 | 3:11 pm
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NEGATIVE IMPACT
RBC Capital has maintained its 'Sector Perform' rating on Canadian Imperial Bank but lowered the price target from C$72 to C$67.
The lowering of the price target by RBC Capital indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on the stock price of Canadian Imperial Bank.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100