CIBC Boosts Price Target on ATCO to C$88.00

The Canadian Imperial Bank of Commerce (CIBC) has raised its price target for ATCO (TSE: ACO.X) to C$88.00, indicating a potential upside of 8.78% from the company's previous close.

This move follows similar upgrades from other analysts, including Royal Bank Of Canada and Scotia, which increased their targets on shares of ATCO in recent weeks.

According to MarketBeat, one analyst has given ATCO a Buy rating, while five others have issued a Hold rating. The company's average rating is currently 'Hold' with a consensus target price of C$76.86.