CIBC Lifts Exchange Income Price Target by $10.00

Canadian Imperial Bank of Commerce (CIBC) has increased its price target for Exchange Income Corporation (TSE:EIF) from C$141.00 to C$151.00, according to a research report issued on Thursday by BayStreet.CA. This new target indicates a potential upside of 11.30% from the company's previous close.

This is not the only analyst to raise their price target for Exchange Income in recent weeks. National Bank Financial raised its target from C$125.00 to C$144.00, while Royal Bank Of Canada increased its target from C$127.00 to C$150.00. Scotiabank also boosted its target from C$129.00 to C$145.00.

Exchange Income has a market cap of C$7.64 billion and a price-to-earnings ratio of 39.10. The company reported C$1.13 earnings per share for the quarter, with revenue of C$952.16 million.