RBC Capital Maintains Sector Perform on Canadian Imperial Bank, Lowers Price Target to C$63
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Darko Mihelic has maintained a 'Sector Perform' rating on Canadian Imperial Bank (TSX:CM) but has lowered the price target from C$66 to C$63.
December 01, 2023 | 4:15 pm
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NEGATIVE IMPACT
RBC Capital has maintained a 'Sector Perform' rating on Canadian Imperial Bank and reduced the price target from C$66 to C$63.
The reduction in price target by RBC Capital could lead to a negative perception among investors, potentially causing a short-term dip in the stock price of Canadian Imperial Bank.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100