National Bank Financial Inc Upgrades Canadian Imperial Bank to Sector Outperform, Raises Price Target to C$71
Portfolio Pulse from Benzinga Newsdesk
National Bank Financial Inc analyst Gabriel Dechaine upgraded Canadian Imperial Bank (TSX:CM) from Sector Perform to Sector Outperform and increased the price target from C$62 to C$71.
December 20, 2023 | 11:58 am
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Canadian Imperial Bank was upgraded by National Bank Financial Inc from Sector Perform to Sector Outperform with a raised price target from C$62 to C$71.
Upgrades by analysts typically lead to a positive short-term reaction in the stock market as they suggest improved performance or potential of the company. The increase in price target further reinforces the positive outlook, indicating that the analyst sees a higher valuation for the company.
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