Canadian Imperial Bank of Commerce Shares Drop After Downgrade From Jefferies

MT Newswires Live

04/22

Canadian Imperial Bank of Commerce (CM) shares were down 1.5% in recent trading Monday after Jefferies downgraded the bank to hold from buy with a price target of CA$89 ($64.3).

Trading volume stood at over 246,000 shares against a daily average of about 1.1 million shares.

Price: 58.07, Change: -0.89, Percent Change: -1.51

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