RBC Capital Maintains Sector Perform on Cullen/Frost Bankers, Raises Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jon Arfstrom maintains a Sector Perform rating on Cullen/Frost Bankers (NYSE:CFR) and raises the price target from $118 to $130.
November 01, 2024 | 4:38 pm
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POSITIVE IMPACT
RBC Capital has increased the price target for Cullen/Frost Bankers from $118 to $130 while maintaining a Sector Perform rating.
The increase in the price target from $118 to $130 suggests a positive outlook from RBC Capital, which could lead to a short-term increase in CFR's stock price. However, the maintained Sector Perform rating indicates that the stock is expected to perform in line with the market, which tempers the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100