CIBC Upgraded at RBC CM

RBC Capital Markets, 3 March 2006We are upgrading our rating on CIBC to Sector Perform from Underperform, raising our price target to $84 from $81 and increasing estimates.Investment Opinion� Raising Estimates and Price Target. We are raising our 2006 EPS estimate from $6.10 to $6.23, and for 2007 from $6.50 to $6.70. The estimate increases reflect lower expected cost and credit loss levels. We