BMO BMO Raises CIBC Target to $81, Maintains Outperform Rating, After Q3
MT Newswires - Aug 30, 2024 11:19 AM EDT
11:19 AM EDT, 08/30/2024 (MT Newswires) -- CIBC's third quarter adjusted cash EPS of $1.93 was above BMO/consensus estimates of $1.65/$1.74. Relative to BMO, it was primarily a revenue-driven beat.
All segments generated better-than-expected results.
Maintain Outperform rating. Target increased to $81 on higher FY2025E EPS.
Price: 79.25, Change: +1.70, Percent Change: +2.19