Cullen/Frost price target raised to $148 from $144 at BofA

BofA raised the firm’s price target on Cullen/Frost (CFR) to $148 from $144 and keeps a Buy rating on the shares. The firm raised its price objectives by 8% on average for a selection of small-to-mid-cap banks to reflect an improving outlook driven by Trump policy priorities combined with a U.S. soft landing, which it calls “bullish for bank stocks.”