BofA raised the firm’s price target on Commerce Bancshares (CBSH) to $70 from $67 and keeps a Neutral rating on the shares. Mid-cap bank results were “marginally better-than-expected,” primarily on higher revenue, and stocks were rewarded where there were positive EPS revisions, the analyst tells investors in a recap on the group’s Q4 reports.
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Read More on CBSH:
- Commerce Bancshares price target raised to $72 from $70 at Morgan Stanley
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- Commerce Bancshares reports Q4 EPS $1.01, consensus 94c
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