UBS Initiates Coverage On Canadian Imperial Bank with Neutral Rating, Announces Price Target of C$70
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Jill Shea has initiated coverage on Canadian Imperial Bank (TSX:CM) with a Neutral rating and a price target of C$70.
July 02, 2024 | 2:27 pm
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NEUTRAL IMPACT
UBS has initiated coverage on Canadian Imperial Bank with a Neutral rating and a price target of C$70.
The Neutral rating suggests that UBS does not expect significant short-term movement in the stock price. The price target of C$70 indicates a valuation that is in line with current market expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100