UBS Raises Estimates and PT on Commerce Bancshares (CBSH); Strong Second Quarter

July 13, 2012 12:21 PM EDT
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Price: $57.92 --0%

Rating Summary:
    3 Buy, 8 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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UBS maintains a 'Neutral' on Commerce Bancshares (NASDAQ: CBSH) price target of $41.00 (from $40.00).

Analyst, Stephen Scinicariello, said, "...Due to the strong results, we are increasing our ‘12E EPS from $2.90 to $3.15 and ‘13E EPS from $2.96 to $3.20."

Scinicariello maintains his Neutral rating, saying a justified premium is already in the valuation.

For an analyst ratings summary and ratings history on Commerce Bancshares click here. For more ratings news on Commerce Bancshares click here.

Shares of Commerce Bancshares closed at $39.28 yesterday.

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