DA Davidson Maintains Buy on Cullen/Frost Bankers, Lowers Price Target to $126
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Peter Winter maintains a 'Buy' rating on Cullen/Frost Bankers (NYSE:CFR) but lowers the price target from $134 to $126.
July 31, 2023 | 4:47 pm
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NEUTRAL IMPACT
Despite a lowered price target, Cullen/Frost Bankers maintains a 'Buy' rating from DA Davidson.
The news is directly about Cullen/Frost Bankers (CFR). The lowered price target might indicate a potential downside, but the maintained 'Buy' rating suggests that the analyst still sees value in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100