Barclays upgraded shares of Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) from an underweight rating to an outperform rating in a research note released on Tuesday.

CM has been the topic of a number of other research reports. Keefe, Bruyette & Woods upped their price target on shares of Canadian Imperial Bank of Commerce from C$115.00 to C$116.00 in a research note on Tuesday, August 22nd. CSFB upped their price target on shares of Canadian Imperial Bank of Commerce from C$116.00 to C$125.00 and gave the stock an outperform rating in a research note on Friday, December 1st. Scotiabank dropped their price target on shares of Canadian Imperial Bank of Commerce from C$120.00 to C$118.00 and set a sector perform rating on the stock in a research note on Sunday, August 27th. Canaccord Genuity set a C$121.00 price target on shares of Canadian Imperial Bank of Commerce in a research note on Wednesday, November 1st. Finally, Royal Bank of Canada upped their price target on shares of Canadian Imperial Bank of Commerce from C$119.00 to C$128.00 and gave the stock a sector perform rating in a research note on Friday, December 1st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of C$125.64.

Canadian Imperial Bank of Commerce (TSE:CM) opened at C$123.48 on Tuesday. Canadian Imperial Bank of Commerce has a one year low of C$103.84 and a one year high of C$123.71.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Thursday, December 28th will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Wednesday, December 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 45.08%.

In other Canadian Imperial Bank of Commerce news, Director Laura Lee Dottori-Attanasio sold 11,928 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of C$119.55, for a total value of C$1,425,992.40.

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Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets.

Analyst Recommendations for Canadian Imperial Bank of Commerce (TSE:CM)

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