JP Morgan Maintains Overweight on Cullen/Frost Bankers, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Steven Alexopoulos maintains an Overweight rating on Cullen/Frost Bankers (NYSE:CFR) but lowers the price target from $140 to $130.
June 27, 2024 | 2:26 pm
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JP Morgan analyst Steven Alexopoulos maintains an Overweight rating on Cullen/Frost Bankers but lowers the price target from $140 to $130.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100