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BMO Raises CIBC Target to $81, Maintains Outperform Rating, After Q3
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BMO Raises CIBC Target to $81, Maintains Outperform Rating, After Q3
Sep 2, 2024 2:39 AM

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

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