CIBC raised its target for Cascades stock to CAD 23.00

Published on 10/08/2026 at 10:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached CAD 1.22 billion versus CAD 1.20 billion expected. Cascades stock costs EUR 11.20 on October 8, 2026, unchanged from EUR 11.20.

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Cascades stock stood at EUR 11.20 at Lang & Schwarz on October 8, 2026 at 10:36 a.m. CEST, unchanged from the prior close of EUR 11.20. CIBC maintained its Outperform rating and raised its target from CAD 17.50 to CAD 23.00 on September 29, 2026, according to The Globe and Mail.

Target rises as results improve

The CIBC target increase followed Cascades' second-quarter performance, which gave the analyst a stronger earnings reference than the prior CAD 17.50 level. The rating stayed at Outperform, so the target change was an adjustment in valuation rather than a change in CIBC's recommendation.

According to Investing.com, revenue in the second quarter of 2026 reached CAD 1.22 billion against CAD 1.20 billion expected, equal to a 1.67 percent revenue surprise. Adjusted earnings per share came to CAD 0.24 versus CAD 0.07 expected in the same period, while packaging EBITDA rose to CAD 120.00 million.

Recycled packaging adds a product angle

Cascades also launched lithoURB on September 29, 2026, a 100 percent recycled and recyclable paperboard for high-end lithographic printing in corrugated and folding carton packaging. The company described the product as a response to demand from food, beverage, produce and consumer goods businesses, according to its Cascades release.

Third-quarter date sets the next marker

Cascades will release its third-quarter 2026 financial results before the market opens on November 5, 2026, and will hold a conference call at 9:00 a.m. EST, according to the company's investor calendar. The next report will test whether the second-quarter revenue level and packaging improvement can support the valuation behind the CAD 23.00 target.

Cascades stock remained at EUR 11.20 at Lang & Schwarz on October 8, 2026 at 10:36 a.m. CEST, unchanged versus the EUR 11.20 prior close at Lang & Schwarz on October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of Cascades stock.