According to Keefe, Bruyette & Woods, Cullen/Frost Bankers CFR coverage is assumed with Market Perform rating.
Keefe, Bruyette & Woods said that it is assuming coverage of Cullen/Frost Bankers, Inc. with a Market Perform rating and $55 12-month price target. “We believe the company is currently well positioned for the return of loan demand and a more active consolidation wave in its home state of Texas.”
Cullen/Frost Bankers closed yesterday at $56.13.
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Posted In: Analyst ColorInitiationAnalyst RatingsCullen/Frost BankersFinancialsKeefe Bruyette & WoodsRegional Banks
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