Keefe, Bruyette & Woods Starts Cullen/Frost Bankers (CFR) at Market Perform; When Banking Roads Diverged, Frost Took the One Less Traveled

Keefe, Bruyette & Woods initiates coverage on Cullen/Frost Bankers (NYSE: CFR) with a Market Perform. PT $55.

KBW analyst says, "Frost has remained strong through these recessionary times due to its conservative business model and strong home economy. We believe the company is currently well positioned for the return of loan demand and a more active consolidation wave in its home state of Texas."

For more ratings news on Cullen/Frost Bankers click here and for the rating history of Cullen/Frost Bankers click here.

Shares of Cullen/Frost Bankers closed at $56.13 yesterday.

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