The Globe and Mail reports in its Friday, Dec. 19, edition that Desjardins Securities analyst Doug Young has reaffirmed his "buy" for Canadian Imperial Bank of Commerce. The Globe's David Leeder writes in the Eye On Equities column that Mr. Young gave his share target a $3 boost to $135. Analysts on average target the shares at $127.23. Mr. Young says in a note: "After nine consecutive quarters of EPS beats, CIBC has been rebranded as the bank of 'no surprises.' As we look forward, we do not expect any material change to CIBC's strategy under its new CEO. In FY26, we expect the bank to deliver consistent performance across NIMs, expenses, credit and buybacks. The bank is on track to achieve its 15-per-cent-plus cash ROE target. All of this is why we believe it deserves a premium multiple." The Globe reported on Feb. 6 and Aug. 14 that Mr. Young continued to rate CIBC "buy." The shares could then be had for $88.52 and $102. The Globe reported on Dec. 9 that RBC Dominion Securities analyst Darko Mihelic had reiterated his "outperform" recommendation for CIBC. The shares were then going for $125.40.