2020-12-04 11:46:35 CM CIBC
12/04/20 12/0411:46 12/04/2011:46 | CIBC upgraded to Outperform from Sector Perform at National BankNational Bank analyst Gabriel Dechaine upgraded CIBC to Outperform from Sector Perform with a price target of C$122, up from C$111. The analyst believes the company's growth turnaround position is greater than its downside risks. Dechaine saw several signs of improvement on a sequential basis at CIBC, including NIM improvement, a rebound in P&C noninterest income and stabilization/improvement of loan balances. |
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