- Jefferies downgrades the Canadian Imperial Bank of Commerce (CM, Financial) due to trade and lending concerns.
- Price targets suggest potential upside of 18.30%, despite recent downgrade.
- GuruFocus GF Value indicates an 8.43% downside, highlighting mixed market sentiment.
The Canadian Imperial Bank of Commerce (CM) has seen its rating downgraded by Jefferies from Buy to Hold. This shift reflects growing concerns over Canada's trade vulnerabilities and possible hurdles in domestic lending. The bank's price target is now set at C$89.00, underscoring uncertainties looming over the financial sector.
Wall Street Analysts Forecast
Two analysts have provided one-year price targets for Canadian Imperial Bank of Commerce (CM, Financial), averaging at $69.75 with estimates ranging from a high of $71.44 to a low of $68.07. This average target implies a noteworthy upside potential of 18.30% from its current price of $58.96. For further insights, visit the Canadian Imperial Bank of Commerce (CM) Forecast page.
The consensus from 11 brokerage firms rates Canadian Imperial Bank of Commerce (CM, Financial) at an average recommendation of 2.1, signaling an "Outperform" status. The rating scale spans from 1, indicating Strong Buy, to 5, indicating Sell, showing a moderate level of confidence among analysts.
According to GuruFocus estimates, the projected GF Value for Canadian Imperial Bank of Commerce (CM, Financial) over the next year is $53.99, suggesting a downside of 8.43% from its current trading price of $58.96. The GF Value is GuruFocus' valuation estimate, factoring in historical multiples, past growth, and future business performance projections. Explore more detailed insights on the Canadian Imperial Bank of Commerce (CM) Summary page.
