Commerce Bancshares price target raised to $64 from $60 at Piper Sandler

Piper Sandler raised the firm’s price target on Commerce Bancshares (CBSH) to $64 from $60 and keeps a Neutral rating on the shares following the recent closing of the company’s acquisition for Finemark National Bank & Trust. The firm’s 2026 operating EPS moves to $4.25 from $4.00 to reflect anticipated Finemark-related accretion. Piper believes Finemark is highly complementary and additive to Commerce Bancshares’ enviable wealth management platform scale and provides attractive entry to various attractive markets that could potentially enhance its organic loan growth tendency.