Market Overview

UPDATE: Sterne Agee Upgrades Cullen/Frost Bankers to Neutral on Risk/Reward

Share:
Related CFR
Jim Cramer Weighs In On T-Mobile, Skechers And More
Benzinga's Insider Buys Of The Week: Alexion Pharmaceuticals, Sohu.com And More
New Research: Key Drivers of Growth for Life Storage, Tabula Rasa Healthcare, CareTrust REIT, ... (GuruFocus)

Sterne Agee raised its rating on Cullen/Frost Bankers (NYSE: 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.

Latest Ratings for CFR

DateFirmActionFromTo
May 2018Deutsche BankMaintainsHoldHold
Apr 2018Morgan StanleyMaintainsEqual-WeightEqual-Weight
Apr 2018BarclaysMaintainsEqual-WeightEqual-Weight

View More Analyst Ratings for CFR
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (CFR)

View Comments and Join the Discussion!