The Globe and Mail reports in its Friday edition that Scotia Capital analyst Mike Rizvanovic has reaffirmed his "sector outperform" recommendation for Canadian Imperial Bank of Commerce. The Globe's David Leeder writes in the Eye On Equities column that Mr. Rizvanovic gave his share target a $3 boost to $101. Analysts on average target the shares at $94.89. Mr. Rizvanovic says in a note: "We were surprised by the market's muted reaction to Canadian Imperial Bank of Commerce's results this quarter, which we believe were positive overall and stronger than what we saw relative to most of the bank's peers. We also found the forward guidance constructive on key metrics such as the bank's margin trajectory and its PCL ratio, which was a group-low among the large banks in Q2, prompting us to modestly increase our EPS expectations through F2026. We expect the bank to continue to successfully execute in the coming quarters, supported by a discounted relative P/E multiple that we don't believe reflects its strong run of solid, consistent results, that now spans almost two years." The Globe reported on May 16 that National Bank analyst Gabriel Dechaine continued to rate CIBC "outperform." The shares could then be had for $92.71.