Keefe, Bruyette & Woods Maintains Market Perform on Commerce Bancshares, Raises Price Target to $56-Report Released on 18 January 2024
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 | 1:50 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 increase in price target by Keefe, Bruyette & Woods suggests a positive outlook on Commerce Bancshares' value, which could lead to a slight uptick in investor confidence and potentially a modest increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100