The Globe and Mail reports in its Saturday, Jan. 20, edition that Credit Suisse analyst Nick Stogdill says in a sector forecast report released on Friday that Canadian banks are enjoying momentum heading into 2018. The Globe's David Leeder writes in the Eye On Equities column that Mr. Stogdill says he rates Canadian Imperial Bank of Commerce ($122.53) "outperform." Mr. Stogdill boosted his share target to $134 from $125. Analysts on average target the shares at $129.07. Mr. Stogdill says in a note, "We believe the more favourable outlook for CM's Canadian and U.S. banking businesses along with its strengthening capital position warrant a higher relative valuation and an 'Outperform' rating." The Globe reported on Nov. 11 that Desjardins Securities analyst Doug Young rated Canadian Imperial Bank of Commerce "buy." In the item Mr. Young hiked his share target to $128 from $126, $9 above the consensus. The shares could then be had for $114.60.