Canadian Imperial Bank of Commerce T.CM

Update

[Dibah420]

An analyst rating or target price change has occurred for stocks in your portfolio.

Stock	Security Description	Source	Rating Date	Previous Rating	Current Rating	Price Date	Previous Target Price	Current Target Price
CM	CIBC	BMO Capital Markets	01/03/2024		OUTPERFORM	31/05/2024	74	77
CM	CIBC	Barclays Capital	31/05/2024		UNDERWEIGHT	31/05/2024	70	71
CM	CIBC	CFRA	31/08/2023	HOLD	SELL	30/05/2024	38	42
CM	CIBC	Desjardins Securities	31/05/2024		HOLD	31/05/2024	67	71
CM	CIBC	National Bank	31/05/2024		OUTPERFORM	31/05/2024	76	78
CM	CIBC	RBC Capital	31/05/2024		SECTOR PERFORM	31/05/2024	68	69
CM	CIBC	Scotiabank	31/05/2024		OUTPERFORM	31/05/2024	73	77

[ScarletSpider]

Thanks dibah420. Before people bring out the pitch forks and torches CFRA targets are in USD. When I first saw it and a poster chided the price I was thinking wtf??? But it dawned on me that the price target couldn't be that far off so it has to be USD. 

[Dibah420]

Yes you're correct, it is in USD. However, reading CFRA's own analysis of   "Highlights/ Risk Anlysis etc it seems their pessimism is hardly warranted.  Their main argument that CM has the most exposure to Canadian mortgages than any other bank, seems to be oblivious to the trend reversal in interest rates. And, further more,  Canadian residential mortgages are a