CIBC Boosts NWC Price Target to C$62.00

Canadian Imperial Bank of Commerce (CIBC) has increased its price target for North West Company (TSE:NWC) to C$62.00, representing a potential upside of 19.41% from the company's current price.

The firm currently maintains an 'outperformer' rating on the stock. This is not the first time NWC has received a higher price target, as Royal Bank Of Canada (RBC) recently decreased its target to C$61.00, while BMO Capital Markets reduced their objective to C$59.00.

North West Company operates 230 stores across Canada, Alaska, the South Pacific, and the Caribbean, with annualized sales of approximately CDN$2.6 billion.