Truist Securities Maintains Hold on Cullen/Frost Bankers, Lowers Price Target to $123
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Cullen/Frost Bankers (NYSE:CFR) while lowering the price target from $126 to $123.
September 20, 2024 | 3:24 pm
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Truist Securities has maintained a Hold rating on Cullen/Frost Bankers and lowered the price target from $126 to $123, indicating a slightly less optimistic outlook.
The lowering of the price target from $126 to $123 by Truist Securities suggests a slightly less optimistic view on Cullen/Frost Bankers' future performance. This could lead to a short-term negative impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100