Citigroup Initiates Coverage On Cullen/Frost Bankers with Sell Rating, Announces Price Target of $94
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ben Gerlinger has initiated coverage on Cullen/Frost Bankers (NYSE:CFR) with a Sell rating and set a price target of $94. This new coverage could influence investor sentiment and potentially impact CFR's stock price in the short term.

December 01, 2023 | 10:04 am
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Citigroup has initiated coverage on Cullen/Frost Bankers with a Sell rating and a price target of $94, which may affect the company's stock performance in the market.
Analyst ratings, especially from major financial institutions like Citigroup, can significantly influence investor perception and stock prices. A Sell rating suggests that the analyst believes the stock will underperform the market or its sector, which could lead to a decrease in its stock price. The announcement of a specific price target provides a benchmark that investors may use to gauge the stock's potential movement.
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