Loading...
Loading...
Sterne Agee raised its rating on Cullen/Frost Bankers
CFR from Underperform to Neutral and increased its price target from $53 to $54.
Sterne Agee commented, "We are upgrading CFR to Neutral from Underperform with the shares near our PT and our expectations for less underperformance on a relative basis going forward. Simply put, while the NIM and core profitability may remain under incremental pressure throughout FY13/14, we believe the potential for low- to mid-single digit revenue growth will result in better relative performance going forward than the past several quarters."
Cullen/Frost Bankers closed at $54.13 on Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in