Commerce Bancshares (CBSH) PT Raised to $64 at FIG Partners
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Price: $55.44 -0.86%
Rating Summary:
2 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
2 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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FIG Partners raised its price target on Commerce Bancshares (NASDAQ: CBSH) to $64.00 (from $62.00) while maintaining a Market Perform rating.
Ananlyst John Rodis leaves his estimates the same and raises the PT to reflect increase bank stock valuation. The target assumes shares trade at 17x his FY 2019 EPS estimate and nearly 280% the current TBV.
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