Softchoice (TSE:SFTC) Given New C$19.50 Price Target at CIBC

Softchoice TSESFTC is a publicly traded technology solutions provider in Canada. On Wednesday, BayStreet.CA reported that CIBC had raised its price target for the company from C$17.50 to C$19.50 in a research note. This means that CIBC now believes that the stock is worth C$19.50 per share, up from their previous estimate of C$17.50.

It's important to note that this price target is just an estimate and does not necessarily reflect the actual value of the stock. Additionally, CIBC currently has a neutral rating on the stock, which means they do not have a strong positive or negative opinion on the company.

Other equities research analysts have also recently issued reports on Softchoice. Scotiabank downgraded the company from an outperform rating to a neutral rating in a report published on Wednesday. This means that Scotiabank no longer believes that the stock is likely to outperform the market.

It's worth noting that these reports and ratings are based on the analysts' own research and analysis of the company, and may not necessarily reflect the opinions or recommendations of other investors. It's always important to do your own research and consider seeking advice from a financial advisor before making any investment decisions.