Morgan Stanley lowered the firm’s price target on Commerce Bancshares (CBSH) to $66 from $72 and keeps an Underweight rating on the shares. The firm is reducing its estimates on Midcap Banks in North America under its coverage given higher uncertainty and slower economic growth outlook, the analyst tells investors. Trade and tariff policy changes are occurring sooner and more forcefully than previously anticipated, Morgan Stanley states. Additionally, the firm notes a slower pace of economic growth and higher level of policy uncertainty is a headwind for the sector, leading to many price target cuts in the group.
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Read More on CBSH:
- Commerce Bancshares price target lowered to $69 from $70 at BofA
- Commerce Bancshares Announces Executive Compensation for 2025
- Commerce Bancshares raises dividend 7% to 27.5c per share
- Commerce Bancshares price target raised to $70 from $67 at BofA
- Commerce Bancshares price target raised to $72 from $70 at Morgan Stanley
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