Truist Securities Maintains Hold on Cullen/Frost Bankers, Lowers Price Target to $113
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Brandon King has maintained a 'Hold' rating on Cullen/Frost Bankers (NYSE:CFR) and lowered the price target from $114 to $113.
June 29, 2023 | 2:44 pm
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NEUTRAL IMPACT
Cullen/Frost Bankers' price target has been lowered from $114 to $113 by Truist Securities, which maintains a 'Hold' rating on the stock.
The news of a lowered price target by Truist Securities could potentially create a negative sentiment among investors. However, the 'Hold' rating suggests that the analyst does not expect significant price movement in the short term. Therefore, the short term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100