Morgan Stanley Upgrades Commerce Bancshares to Overweight from Equal-Weight
Morgan Stanley upgraded its outlook for Commerce Bancshares (NASDAQGS:CBSH) on September 8, 2026, from Equal-Weight to Overweight. Morgan Stanley previously maintained an Equal-Weight rating on June 29, 2026. Wells Fargo maintained an Equal-Weight rating on August 10, 2026.
On the day of the upgrade, September 8, 2026, the latest closing price was $58.28. Prior to the action, the stock closed at $58.36 on September 4, 2026. Over a one-week period the stock recorded a price change of +2.00% from a baseline close of $57.14 on September 1, 2026. Over a one-month period the price change was -1.35% from a baseline close of $59.08 on August 7, 2026.
As of August 28, 2026, the consensus target mean was $65.73, with a median target of $65.28, representing an implied change of +12.79%. This compares with a prior consensus target mean of $64.94 recorded on August 4, 2026, a revision of +1.22%.
In its latest earnings report on July 16, 2026, Commerce Bancshares reported actual EPS of 1.1 versus an estimated EPS of 1.0772, a surprise of +2.12%. The company's actual revenue was $498,913,000,000,000.00, versus estimated revenue of $499,315,673,000,000.00.
For the recommendation period beginning September 1, 2026, there were 16 recommendations: 2 strong buy, 4 buy, 10 hold, 0 sell, and 0 strong sell (37.5% positive, 62.5% hold). In the prior period beginning August 1, 2026, there were 15 recommendations: 2 strong buy, 4 buy, 9 hold, 0 sell, and 0 strong sell (40.0% positive, 60.0% hold).
Commerce Bancshares, Inc., based in the United States, operates Commerce Bank and provides banking, wealth management and investment services.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 8, 2026 | Morgan Stanley | Equal-Weight | Overweight | upgrade |
| August 10, 2026 | Wells Fargo | Equal-Weight | Equal-Weight | maintained |
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