CM Crosses Above Average Analyst Target
December 04, 2017 at 08:29 AM EST
In recent trading, shares of Canadian Imperial Bank Of Commerce (Toronto, Ontario) (CM) have crossed above the average analyst 12-month target price of $95.22, changing hands for $95.47/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..