Evercore ISI analyst John Pancari upgraded Cullen/Frost (CFR) to In Line from Underperform with a price target of $132, up from $130. Coming out of Q1 results, the firm is increasing its 2025 and 2026 EPS estimates by 5% and 2%, respectively, to reflect a more constructive top line outlook, the analyst tells investors. Cullen/Frost is not immune to headwinds of the sluggish macro backdrop and declining short rates, which likely keeps material upside catalysts limited, but the firm sees less risk of underperformance in shares compared to peers amid the strengthening of the company’s fundamental outlook, the analyst added.
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Read More on CFR:
- Cullen/Frost price target raised to $141 from $138 at Stephens
- Cullen/Frost price target lowered to $140 from $147 at RBC Capital
- Cullen/Frost price target raised to $135 from $130 at Barclays
- Cullen/Frost Bankers Reports Strong Q1 2025 Results
- Cullen/Frost Bankers’ Earnings Call: Growth Amid Challenges
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