Piper Sandler analyst Nathan Race lowered the firm’s price target on Commerce Bancshares (CBSH) to $66 from $66.50 and keeps a Neutral rating on the shares. The firm notes Commerce Bancshares posted strong Q1 results with outperformance across each PPNR component, and no major surprises arose from its management discussion. Piper views Commerce Bancshares as an attractive holding amid the current “risk-off” environment based on its pristine credit profile, enviable revenue diversity, above average profitability profile and superior capital levels.
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Read More on CBSH:
- Commerce Bancshares price target lowered to $70 from $74 at Keefe Bruyette
- Commerce Bancshares Reports Strong Q1 2025 Earnings
- Commerce Bancshares reports Q1 EPS 98c, consensus 94c
- Commerce Bancshares price target lowered to $60 from $70 at Wells Fargo
- Commerce Bancshares upgraded to Equal Weight from Underweight at Morgan Stanley
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