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Fly News Breaks for December 17, 2019
CM
Dec 17, 2019 | 06:52 EDT
Citi analyst Maria Semikhatova downgraded CIBC to Neutral from Buy with a price target of C$113, down from C$115. The analyst downgraded the Canadian Banks sector to Neutral to reflect "muted" earnings growth expectations, further pressure on profitability and valuation.
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