Analyst Ratings Coverage
CIBC Raises Targets on Canadian Banks Amid Optimistic Outlook
CIBC World Markets has adjusted its target prices for several Canadian banks, reflecting a positive sentiment towards the banking sector amidst evolving market conditions.
Bank of Montreal (BMO:CA)
- Rating: Neutral
- Target Price: CAD 126 (Previous: CAD 115.62)
- Market Cap: CAD 90.97B
- Change: +15.61%
CIBC World Markets has raised its target price for Bank of Montreal, reflecting improved prospects for the bank’s performance.
Bank of Nova Scotia (BNS:CA)
- Rating: Neutral
- Target Price: CAD 34 (Previous: CAD 64.90)
- Market Cap: CAD 76.29B
- Change: +3.28%
Despite maintaining a neutral stance, CIBC World Markets has increased its target price for Bank of Nova Scotia, indicating potential growth in the stock.
Royal Bank of Canada (RY:CA)
- Rating: Neutral
- Target Price: CAD 141 (Previous: CAD 131.89)
- Market Cap: CAD 172.92B
- Change: +2.61%
CIBC World Markets has adjusted its target price upwards for Royal Bank of Canada, suggesting optimism about the bank’s future performance.
Toronto-Dominion Bank (TD:CA)
- Rating: Neutral
- Target Price: CAD 88 (Previous: CAD 89.97)
- Market Cap: CAD 146.68B
- Change: +14.46%
Despite maintaining a neutral rating, CIBC World Markets has increased its target price for Toronto-Dominion Bank, indicating a positive outlook for the stock.
National Bank of Canada (NA:CA)
- Rating: Outperform
- Target Price: CAD 108 (Previous: CAD 102.07)
- Market Cap: CAD 31.62B
- Change: +0.82%
CIBC World Markets has raised its target price for National Bank of Canada, suggesting optimism about the bank’s performance compared to previous estimates.
Laurentian Bank of Canada (LB:CA)
- Rating: Neutral
- Target Price: CAD 33 (Previous: CAD 33.71)
- Market Cap: CAD 1.15B
- Change: +29.55%
CIBC World Markets has increased its target price for Laurentian Bank of Canada, maintaining a neutral rating but indicating potential growth in the stock.
Overall, CIBC World Markets’ adjustments to target prices for Canadian banks reflect a generally positive outlook on the banking sector, suggesting potential growth opportunities for investors in the Canadian financial market. Investors may consider these updated target prices when making investment decisions in the banking sector.
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