Keefe, Bruyette & Woods Maintains Market Perform on Cullen/Frost Bankers, Lowers Price Target to $118-Report Released on 25 January 2024
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Brady Gailey has maintained a 'Market Perform' rating on Cullen/Frost Bankers (NYSE:CFR) but reduced the price target from $125 to $118.
January 26, 2024 | 1:57 pm
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Cullen/Frost Bankers' price target has been lowered from $125 to $118 by Keefe, Bruyette & Woods, although the 'Market Perform' rating is maintained.
A lowered price target can often be interpreted by the market as a negative signal, suggesting that the analyst sees less upside potential for the stock. Although the rating remains unchanged, the reduction in the price target may lead to short-term bearish sentiment among investors.
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IMPORTANCE 75
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