The Globe and Mail reports in its Friday edition that Scotia Capital's Mike Rizvanovic continues to rate CIBC "sector outperform." The Globe's David Leeder writes that Mr. Rizvanovic's share target soared $10 to $133. Analysts on average target the shares at $123.37. Mr. Rizvanovic says in a note: "Our forecasts increase for CIBC following another strong quarterly result that was once again driven largely by top-line strength that showed up in both net interest income, on higher margins at the all-bank level and on a segment basis, and fee-based revenue that was fueled by a sizable beat in the capital markets business. Credit performance, which was a bit elevated in Q4 relative to our expectations, was only a modest headwind, and based on management commentary, is expected to remain at very manageable levels and below what we anticipate from CIBC's peers next year. Margin upside, which should show up in both the Canadian and U.S. lending businesses remains a strong tailwind for CIBC that is likely to last throughout F2026. Our target price moves along with our EPS forecasts and we continue to see relative upside for CIBC's shares as the bank takes another step toward potentially achieving a premium valuation multiple."