BofA analyst Ebrahim Poonawala raised the firm’s price target on Cullen/Frost (CFR) to $142 from $141 and keeps a Buy rating on the shares. The firm, which sees downside risk to growth outlooks for the regional bank group, lowered EPS estimates due to weaker than anticipated loan demand and capital markets activity to start the year.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CFR: