Wedbush Starts Cullen/Frost Bankers (CFR) at Neutral

October 7, 2016 6:49 AM EDT
Get Alerts CFR Hot Sheet
Price: $75.92 -0.11%

Rating Summary:
    2 Buy, 13 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 50 | New: 20
Trade CFR Now!
Join SI Premium – FREE

Get daily under-the-radar research with's Stealth Growth Insider Get your 2-Wk Free Trial here.

Wedbush initiates coverage on Cullen/Frost Bankers (NYSE: CFR) with a Neutral rating and a price target of $68.00.

Analyst Peter Winter commented, "Volatility around energy prices has caused significant swings in CFR’s stock price and we expect a continued correlation as CFR’s energy exposure represents 13% of loans. CFR's above-average exposure to energy compared to its Texas peers is a headwind to loan growth, but we see this largely reflected in the stock price as its premium valuation has narrowed."

For an analyst ratings summary and ratings history on Cullen/Frost Bankers click here. For more ratings news on Cullen/Frost Bankers click here.

Shares of Cullen/Frost Bankers closed at $72.89 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, New Coverage

Add Your Comment