Keefe Bruyette lowered the firm’s price target on Commerce Bancshares (CBSH) to $60 from $65 and keeps a Market Perform rating on the shares. The firm expects modest pressure on NII over the next few quarters due to anticipated Fed cuts, the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CBSH: