BMO Capital Maintains Outperform on Canadian Imperial Bank, Raises Price Target to C$67
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Sohrab Movahedi has maintained an Outperform rating on Canadian Imperial Bank (TSX:CM) and increased the price target from C$65 to C$67.
December 01, 2023 | 3:26 pm
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BMO Capital analyst reaffirms Outperform rating on Canadian Imperial Bank and raises price target to C$67.
The increase in price target by BMO Capital suggests a positive outlook on the bank's performance, which could lead to an increase in investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100