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Fly News Breaks for September 16, 2019
CBSH
Sep 16, 2019 | 13:02 EDT
Stephens analyst Gordon McGuire assumed coverage of Commerce Bancshares with an Equal Weight rating and $59 price target, citing his view that the quality of Commerce's franchise and defensive characteristics have largely been priced into the stock. In a research note to investors, McGuire says that he anticipates operating leverage to prove difficult over the next couple years with NII headwinds and investments driving slightly higher expense growth and "struggles" to forecast more than a "flattish" EPS trajectory.
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