The Globe and Mail reports in its Tuesday, Dec. 9, edition that RBC Dominion Securities analyst Darko Mihelic has reiterated his "outperform" recommendation for Canadian Imperial Bank of Commerce. The Globe's David Leeder writes in the Eye On Equities column that Mr. Mihelic boosted his share target to $131 from $114. Analysts on average target the shares at $124.25. Mr. Mihelic says in a note: "Canadian Imperial Bank of Commerce's results were better than expected across most segments except Canada personal and business banking. Impaired PCLs were lower than we expected while CIBC built performing PCLs that exceeded our estimates which we view as prudent. This bank continues to report solid earnings, good B/S growth with few issues to quibble over, an outsized dividend increase is also welcomed. We see PCLs as stable into 2026 but see solid revenue growth (NIM expansion tailwinds/ execution), modest operating leverage, and buybacks all leading to EPS estimate increases and a higher target multiple, we increase our price target." The Globe reported on June 10 that Mr. Mihelic continued to rank CIBC "outperform." The shares were then going for $94.03.