Morgan Stanley Maintains Equal-Weight on Cullen/Frost Bankers, Lowers Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia maintains an Equal-Weight rating on Cullen/Frost Bankers (NYSE:CFR) and lowers the price target from $116 to $109.
September 27, 2023 | 1:04 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Cullen/Frost Bankers and lowered the price target from $116 to $109.
The lowering of the price target by Morgan Stanley indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100