Morgan Stanley Maintains Equal-Weight on Commerce Bancshares, Raises Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia maintains an Equal-Weight rating on Commerce Bancshares (NASDAQ:CBSH) and raises the price target from $55 to $58.
July 22, 2024 | 5:29 pm
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Morgan Stanley has maintained its Equal-Weight rating on Commerce Bancshares and raised the price target from $55 to $58, indicating a moderately positive outlook.
The raised price target from $55 to $58 by Morgan Stanley suggests a moderately positive outlook for Commerce Bancshares. The Equal-Weight rating indicates that the stock is expected to perform in line with the market. This news is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100