Evercore ISI Group Maintains Underperform on Cullen/Frost Bankers, Lowers Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an 'Underperform' rating on Cullen/Frost Bankers and lowered its price target from $123 to $115.
October 02, 2024 | 2:11 pm
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Evercore ISI Group has maintained an 'Underperform' rating on Cullen/Frost Bankers and lowered its price target from $123 to $115, indicating a bearish outlook.
The 'Underperform' rating suggests that the analyst expects CFR to perform worse than the market. The lowered price target from $123 to $115 indicates a negative outlook on the stock's future performance, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100