Barclays Capital Gives Overweight Rating to CIBC (CM)
A number of other firms have also recently commented on CM. Analysts at CIBC downgraded shares of CIBC to a “buy” rating in a research note to investors on Friday, March 9th. They noted that the move was a valuation call. Analysts at TD Securities downgraded shares of CIBC to a “buy” rating in a research note to investors on Friday, March 9th.
CIBC opened at 67.79 on Friday. CIBC has a 1-year low of $64.92 and a 1-year high of $80.53. The company has a market cap of $27.330 billion and a price-to-earnings ratio of 9.39.
Canadian Imperial Bank of Commerce (CIBC) is a diversified financial institution. CIBC was formed through the amalgamation of The Canadian Bank of Commerce and Imperial Bank of Canada.