Wells Fargo raised the firm’s price target on Commerce Bancshares (CBSH) to $67 from $62 and keeps an Equal Weight rating on the shares as part of a broader research note on mid-cap banks. The firm is adjusting its price targets on the sector, reflecting the current environment, also noting that its valuation methodology is now favoring earnings while moving away from tangible book value.
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Read More on CBSH:
- Upcoming Stock Splits This Week (December 2 to December 6) – Stay Invested
- Commerce Bancshares reports Q3 EPS $1.07, consensus $1.00
- CBSH Earnings this Week: How Will it Perform?
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