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Cullen/Frost price target raised to $150 from $144 at RBC Capital

RBC Capital raised the firm’s price target on Cullen/Frost (CFR) to $150 from $144 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. Fundamentals reflected he consistent and longer term momentum at the company, while quarterly earnings were supported by solid loan growth, strong fee trends, and stable credit, the analyst tells investors in a research note.

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