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BMO Capital Boosts Canadian Imperial Bank of Commerce (CM) PT to C$112

Canadian Imperial Bank of Commerce (NYSE:CM) is one of the best dividend stocks to buy. On August 29, BMO Capital lifted its price target on CM to C107fromC107 from C112 and assigned an Outperform rating to the stock. The bank’s shares have experienced strong upward movement, posting a roughly 30% increase in six months. BMO raised its price target after CM reported better-than-expected earnings, with cash operating earnings per share of 2.16,beatingBMOsforecastof2.16, beating BMO’s forecast of 1.99 by 9% and the Wall Street estimate ...