Wells Fargo lowered the firm’s price target on Commerce Bancshares (CBSH) to $60 from $65 and keeps an Equal Weight rating on the shares. The firm cites “a bit of an uncharacteristic quarter,” as both revenue and credit missed. Nothing too concerning, Wells argues, but the combo of rate-driven net interest income pressures and FNBT-related noise, likely limit near-term upside through the first half of 2026. Still a good hedge for downside risk, Wells adds.
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