Stephens analyst Matt Olney raised the firm’s price target on Cullen/Frost to $117 from $116 and keeps an Equal Weight rating on the shares following Q4 results the firm sees being highlighted by “solid” net interest income and “excellent” fees and improving loan growth. 2024 guidance calls for stronger net interest income relative to consensus, which is driving the firm’s positive EPS revision, the analyst noted.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CFR: