Truist Securities Maintains Hold on Cullen/Frost Bankers, Lowers Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Brandon King maintains a Hold rating on Cullen/Frost Bankers (NYSE:CFR) and lowers the price target from $121 to $115.

April 29, 2024 | 12:36 pm
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NEUTRAL IMPACT
Truist Securities maintains a Hold rating on Cullen/Frost Bankers and reduces the price target from $121 to $115.
The adjustment in price target by Truist Securities reflects a revised valuation assessment of Cullen/Frost Bankers. While the Hold rating remains unchanged, indicating a neutral outlook on the stock, the reduction in price target suggests a slight negative adjustment in the expected stock performance. This could influence investor sentiment and potentially impact the stock price in the short term, although the Hold rating suggests that significant downside may not be anticipated.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100