The Globe and Mail reports in its Friday, Nov. 21, edition that Canaccord Genuity analyst Matthew Lee continues to rate Canadian Imperial Bank of Commerce "hold." The Globe's David Leeder writes in the Eye On Equities column that Mr. Lee jacked his share target up by $7 to $117. Analysts on average target the shares at $114.15. Mr. Lee says in a note: "CIBC is our best idea for playing NIM: CIBC has delivered strongly positive Canadian banking NIM growth in F25 on the back of tractoring, mix and loan discipline. We believe the Street's expectation for flat F26 NIM underestimates the staying power of CIBC's strategy. We forecast NIM expansion of four basis points year-over-year in F26, which we view as a potential source of positive earnings revisions." The Globe reported on June 25 that Mr. Lee had reaffirmed his "hold" call for CIBC. It was then worth $96.35. The Globe reported on Sept. 23 that National Bank Financial analyst Gabriel Dechaine rated CIBC "sector perform." The shares could then be had for $113.08.