Keefe, Bruyette & Woods Maintains Market Perform on Commerce Bancshares, Raises Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Christopher McGratty has maintained a 'Market Perform' rating on Commerce Bancshares (NASDAQ:CBSH) and increased the price target from $54 to $56.
January 19, 2024 | 1:49 pm
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POSITIVE IMPACT
Commerce Bancshares' stock rating remains 'Market Perform' by Keefe, Bruyette & Woods, with a raised price target from $54 to $56, indicating potential stability or slight growth.
The maintenance of a 'Market Perform' rating suggests that the analyst believes Commerce Bancshares will perform in line with the market, while the increase in price target implies a positive outlook on the stock's value. This could lead to a slight increase in investor confidence and potentially a modest uptick in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100