BofA raised the firm’s price target on Cullen/Frost (CFR) to $148 from $144 and keeps a Buy rating on the shares. The firm raised its price objectives by 8% on average for a selection of small-to-mid-cap banks to reflect an improving outlook driven by Trump policy priorities combined with a U.S. soft landing, which it calls “bullish for bank stocks.”
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Read More on CFR:
- Cullen/Frost price target raised to $122 from $111 at Compass Point
- 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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
