Commerce Bancshares price target raised to $61 from $58 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Commerce Bancshares (CBSH) to $61 from $58 and keeps an Equal Weight rating on the shares. The firm is increasing its 2026 EPS estimate by 5% to $4.50 by baking in the FineMark acquisition, the analyst tells investors. The firm, which models revenue related synergies to wealth fees and loan growth beginning only in 2027, is also raising its 2027 EPS estimate by 6% to $4.80.