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Fly News Breaks for June 6, 2018
CM
Jun 6, 2018 | 07:32 EDT
Citi analyst Ian Sealey upgraded CIBC to Buy from Neutral and raised his price target for the shares to C$130 from C$125. The analyst sees a more favorable risk/reward following the Q2 results at the end of May. He believes CIBC's book value is supported by its Canadian business growth opportunities outside of Canada.
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