Morgan Stanley Reiterates Underweight on Commerce Bancshares, Maintains $48 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck has reiterated an 'Underweight' rating on Commerce Bancshares (NASDAQ:CBSH) and maintained a price target of $48.
July 07, 2023 | 3:38 pm
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NEGATIVE IMPACT
Morgan Stanley has reiterated an 'Underweight' rating on Commerce Bancshares, indicating a negative outlook for the stock.
The 'Underweight' rating from Morgan Stanley suggests that the firm believes CBSH's stock will underperform compared to other stocks in the market. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100