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Canadian Imperial Bank of Commerce (CIBC) shares (TSX: CM) have surpassed the average analyst 12-month target price of $80.99, currently trading at $81.59. Analysts may react to this by either downgrading their valuation or adjusting their target price, contingent on the company’s performance.
Among 11 analysts covering CIBC, target prices vary from a low of $77.10 to a high of $85.19, with a standard deviation of $2.744. The current analyst ratings include 4 Strong Buys, 2 Buys, 6 Holds, 1 Strong Sell, and 0 Sells, yielding an average rating of 2.38, where 1 represents Strong Buy and 5 signifies Strong Sell.
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