Piper Sandler Maintains Neutral on Commerce Bancshares, Raises Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Nathan Race maintains a Neutral rating on Commerce Bancshares (NASDAQ:CBSH) and raises the price target from $53 to $54.
April 17, 2024 | 12:20 pm
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NEUTRAL IMPACT
Piper Sandler maintains a Neutral rating on Commerce Bancshares and raises the price target from $53 to $54.
The adjustment in price target by Piper Sandler suggests a slightly more optimistic outlook on Commerce Bancshares' valuation, but the Neutral rating indicates that the analyst does not see significant upside or downside in the near term. This could lead to a neutral short-term impact on the stock as the market digests this information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100