Cullen/Frost initiated with an Equal Weight at Barclays

Barclays analyst Jared Shaw initiated coverage of Cullen/Frost (CFR) with an Equal Weight rating and $130 price target The bank possesses one of the strongest organic growth profiles in the group while also maintaining among the highest levels of both capital and liquidity, the analyst tells investors in a research note. However, the firm says Cullen/Frost’s interest rate sensitivity profile and a “show-me story on expenses” add to the risk that the bank could see below-average earnings and capital growth over the next few years.