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Commerce Bancshares price target raised to $70 from $67 at BofA

BofA raised the firm’s price target on Commerce Bancshares (CBSH) to $70 from $67 and keeps a Neutral rating on the shares. Mid-cap bank results were “marginally better-than-expected,” primarily on higher revenue, and stocks were rewarded where there were positive EPS revisions, the analyst tells investors in a recap on the group’s Q4 reports.

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