Wells Fargo Maintains Equal-Weight on Commerce Bancshares, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Steven Shaw has maintained an Equal-Weight rating on Commerce Bancshares (NASDAQ:CBSH) and lowered the price target from $52 to $50.
October 20, 2023 | 2:46 pm
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NEGATIVE IMPACT
Wells Fargo has maintained an Equal-Weight rating on Commerce Bancshares and lowered the price target from $52 to $50.
The lowering of the price target by Wells Fargo 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
NEUTRAL IMPACT
Wells Fargo analyst Steven Shaw has maintained an Equal-Weight rating on Commerce Bancshares and lowered the price target.
As the issuer of the rating and price target, this news is relevant to Wells Fargo. However, it's not expected to have a significant impact on Wells Fargo's stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50