Piper Sandler analyst Nathan Race lowered the firm’s price target on Commerce Bancshares (CBSH) to $62 from $64 and keeps a Neutral rating on the shares. While shares’ 24% underperformance vs. the KRE since year-end 2024 has resulted in a relatively attractive valuation compared to the past several years, the firm stays on the sidelines given limited visibility of catalysts to drive upside to its estimates and materially expand Commerce’s current premium multiples.
Claim 50% 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:
- Commerce Bancshares reports Q4 EPS $1.01, consensus $1.00
- CBSH Upcoming Earnings Report: What to Expect?
- Commerce Bancshares price target raised to $64 from $60 at Piper Sandler
- Commerce Bancshares price target lowered to $55 from $61 at TD Cowen
- Commerce Bancshares completes acquisition of FineMark Holdings