Barclays Sticks with Buy on Canadian Bank of Commerce Amid Insider Selling

Canadian Bank of Commerce (CM) has received a Buy rating from Barclays. Analyst Brian Morton maintained the rating and set a price target of C$170.00 for the bank's shares. This recommendation is significant, as Canadian Bank of Commerce also recently received a Buy from Bank of America Securities's Ebrahim Poonawala.

Morton has an average return of -7.4% and a 37.25% success rate, according to TipRanks. His focus on the Financial sector includes stocks such as Royal Bank Of Canada, Canadian Bank of Commerce, and Toronto Dominion Bank.

However, not all analysts agree with the Buy ratings. Canaccord Genuity recently maintained a Hold rating on Canadian Bank of Commerce, which may indicate some caution among investors. Additionally, corporate insider sentiment is negative due to an increase in insiders selling their shares over the past quarter.