Morgan Stanley raised the firm’s price target on Commerce Bancshares (CBSH) to $72 from $70 and keeps an Underweight rating on the shares following what the firm calls a “high quality beat” in Q4 with more resilient net interest margin. Fewer rate cuts in 2025, with a steeper curve, should drive net interest margin improvement from here, the analyst added.
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Read More on CBSH:
- Commerce Bancshares price target raised to $72 from $69 at Piper Sandler
- Commerce Bancshares’ Strong Q4 2024 Earnings Report
- Commerce Bancshares reports Q4 EPS $1.01, consensus 94c
- CBSH Earnings this Week: How Will it Perform?
- Commerce Banc downgraded to Market Perform from Outperform at Raymond James
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