Morgan Stanley Maintains Underweight on Cullen/Frost Bankers, Lowers Price Target to $117
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia maintains an Underweight rating on Cullen/Frost Bankers (NYSE:CFR) and lowers the price target from $121 to $117.
September 30, 2024 | 4:25 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Underweight rating on Cullen/Frost Bankers and reduced the price target from $121 to $117, indicating a bearish outlook.
The reduction in price target from $121 to $117 by Morgan Stanley suggests a negative outlook on Cullen/Frost Bankers' stock performance. The Underweight rating further indicates that the stock is expected to underperform relative to the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100