Morgan Stanley Maintains Equal-Weight on Commerce Bancshares, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia has maintained an Equal-Weight rating on Commerce Bancshares (NASDAQ:CBSH) and reduced the price target from $46.67 to $46.
December 04, 2023 | 3:45 pm
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Morgan Stanley analyst Manan Gosalia maintains an Equal-Weight rating on Commerce Bancshares and lowers the price target from $46.67 to $46.
The reduction in price target by Morgan Stanley, while maintaining an Equal-Weight rating, suggests a slightly negative outlook on the stock's short-term price potential. Investors may view the price target cut as a sign of tempered expectations for the company's future performance.
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