Barclays Maintains an 'Overweight' on CIBC (CM); Q2 Review
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Price: $77.52 +0.94%
Rating Summary:
2 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Rating Summary:
2 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Trade CM Now!
Barclays maintains an 'Overweight' on CIBC (NYSE: CM) price target raised from CAD$78 to CAD$79.
Analyst, John Aiken, said, "CIBC generated another solid quarter on the back of continued strong cost containment. However, the market appears unwilling to give it full credit for this outperformance..."
NOTE - shares popped jumped a dollar yesterday, but are trading down $1.52 (-2.19%) today.
Aiken concluded by saying, "While a potential dividend increase was alluded to on the conference call, we do not believe that CM's valuation will trade above the peer average until it begins a stronger capital repatriation program with shareholders."
Barclays raised FY12 EPS estimates from $7.70 to $7.93 and FY13 from $8.04 to $8.26.
For an analyst ratings summary and ratings history on CIBC click here. For more ratings news on CIBC click here.
Shares of CIBC closed at $69.53 yesterday, with a 52 week range of $64.92-$82.69.
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Analyst, John Aiken, said, "CIBC generated another solid quarter on the back of continued strong cost containment. However, the market appears unwilling to give it full credit for this outperformance..."
NOTE - shares popped jumped a dollar yesterday, but are trading down $1.52 (-2.19%) today.
Aiken concluded by saying, "While a potential dividend increase was alluded to on the conference call, we do not believe that CM's valuation will trade above the peer average until it begins a stronger capital repatriation program with shareholders."
Barclays raised FY12 EPS estimates from $7.70 to $7.93 and FY13 from $8.04 to $8.26.
For an analyst ratings summary and ratings history on CIBC click here. For more ratings news on CIBC click here.
Shares of CIBC closed at $69.53 yesterday, with a 52 week range of $64.92-$82.69.
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Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
CIBC, Barclays, Dividend
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