Macquarie Upgrades CIBC To Neutral

Analysts at Macquarie upgraded Canadian Imperial Bank of Commerce

from Underperform to Neutral. Canadian Imperial Bank of Commerce shares have surged 20.73% over the past 52 weeks, while the S&P 500 index has gained 14.74% in the same period. Canadian Imperial Bank of Commerce's shares gained 0.71% to close at $91.89 yesterday.