Compass Point analyst David Rochester raised the firm’s price target on Cullen/Frost (CFR) to $122 from $111 and keeps a Neutral rating on the shares. The firm is raising its FY24 core EPS view to $8.72 from $8.51 and maintaining its FY25 core EPS estimate of $8.45, noting that its revised and new FY24, FY25 and FY26 core EPS estimates reflect growth that is below the trend the firm expects for the group overall.
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Read More on CFR:
- Cullen/Frost price target raised to $113 from $104 at Citi
- Cullen/Frost price target raised to $130 from $118 at RBC Capital
- Cullen/Frost Bankers Posts Mixed Third-Quarter Results
- Cullen/Frost reports Q3 EPS $2.24, consensus $2.17
- Cullen/frost Bankers (CFR) Q3 Earnings Cheat Sheet
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