UBS Maintains Neutral on Cullen/Frost Bankers, Raises Price Target to $116
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Brody Preston has maintained a Neutral rating on Cullen/Frost Bankers (NYSE:CFR) and increased the price target from $110 to $116.
January 29, 2024 | 3:47 pm
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POSITIVE IMPACT
UBS analyst Brody Preston maintained a Neutral rating on Cullen/Frost Bankers and raised the price target from $110 to $116.
The increase in price target by UBS suggests a positive outlook on the stock's value, which could lead to a short-term increase in investor confidence and potentially a rise in the stock price. However, since the rating remains Neutral, the impact may be moderate as it does not indicate a strong buy or sell signal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100