RE: RE: RE: RE: Interesting approachSimilar to Scotia Capital, CIBC World Markets wasn't overly impressed with the results and reduced their target from $9.25 to $8.00 (their projected CFPS had been
.21) They also considered that while the merger had merit, it was a bit dilutive and costly. Given a couple of these downgrades and the generally lousy markets, I think the SP didn't perform that badly.