Raymond James raised the firm’s price target on Cullen/Frost (CFR) to $155 from $150 and keeps an Outperform rating on the shares. Cullen/Frost delivered broad-based EPS and PPNR upside with improved outlook across NII, NIM, loan growth, and credit quality, supporting higher estimates and reinforcing its positioning as a relatively defensive name with solid fundamentals despite trading at a premium to peers, the analyst tells investors in a research note.
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