Jefferies Maintains Hold on Canadian Bank of Commerce With C$154 Price Target

Jefferies analyst John Aiken maintained a Hold rating on Canadian Bank of Commerce (CM) and set a price target of C$154.00.

Aiken, who has an average return of 0.6% and a 51.03% success rate according to TipRanks, covers the Financial sector and has focused on stocks such as Bank Of Nova Scotia, Toronto Dominion Bank, and National Bank of Canada.

Additionally, Canaccord Genuity's Matthew Lee also maintained a Hold rating for Canadian Bank of Commerce in a report issued today. However, Barclays had previously maintained a Buy rating on the bank with a price target not mentioned in the source.

The bank reported quarterly revenue of C$16.21 billion and a net profit of C$2.4 billion for the quarter ending July 31, which is an increase from last year's revenue of C$6.7 billion and net profit of C$2.09 billion.