UBS Upgrades Cullen/Frost Bankers to Neutral, Raises Price Target to $100
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Brody Preston has upgraded Cullen/Frost Bankers (NYSE:CFR) from Sell to Neutral and raised the price target from $97 to $100.
August 25, 2023 | 9:07 am
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Cullen/Frost Bankers has been upgraded from Sell to Neutral by UBS, with a raised price target of $100.
The upgrade from Sell to Neutral indicates a more positive outlook on the company by UBS. The raised price target suggests that UBS believes the stock has potential to reach a higher price, which could attract investors and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100