BofA raised the firm’s price target on Commerce Bancshares (CBSH) to $73 from $71 and keeps a Neutral rating on the shares. The firm adjusted regional bank price targets as part of a Q2 earnings preview. A lack of interest rate cuts delay a rebound in growth, but “resilient” earnings, an acceleration in loan growth, and investment banking activity server as catalysts for the stocks, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CBSH:
- Commerce Bancshares price target raised to $66 from $61 at Morgan Stanley
- Commerce Bancshares price target raised to $71 from $69 at BofA
- Commerce Bancshares: Strategic Acquisition with Balanced Risk and Reward
- Commerce Bancshares Announces Merger with FineMark Holdings
- Commerce Bancshares price target raised to $61 from $58 at Morgan Stanley