Morgan Stanley Maintains Equal-Weight on Cullen/Frost Bankers, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia maintains an Equal-Weight rating on Cullen/Frost Bankers (NYSE:CFR) and raises the price target from $109 to $115.
February 07, 2024 | 7:58 pm
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POSITIVE IMPACT
Morgan Stanley maintains an Equal-Weight rating on Cullen/Frost Bankers and raises the price target from $109 to $115.
The increase in price target by a reputable analyst like Manan Gosalia at Morgan Stanley suggests a positive outlook on the stock, potentially leading to short-term price appreciation. However, the Equal-Weight rating indicates that the stock is expected to perform in line with the market or sector, tempering expectations for significant outperformance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100