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.
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Read More on CFR:
- Cullen/Frost price target lowered to $120 from $132 at Morgan Stanley
- Cullen/Frost price target lowered to $141 from $155 at BofA
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- Cullen/Frost price target raised to $148 from $140 at Keefe Bruyette
- Cullen/Frost downgraded to Neutral from Buy at DA Davidson