BofA lowered the firm’s price target on Commerce Bancshares (CBSH) to $68 from $69 and keeps a Neutral rating on the shares. The firm, which sees downside risk to growth outlooks for the regional bank group, lowered EPS estimates due to weaker than anticipated loan demand and capital markets activity to start the year.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CBSH: