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Fly News Breaks for April 27, 2018
CFR
Apr 27, 2018 | 06:15 EDT
BofA/Merrill analyst Ebrahim Poonawala double upgraded Cullen/Frost to Buy from Underperform and raised its price target to $125 from $100 following the Q1 beat. Poonawala believes potential upside earnings estimates and low investor sentiment could continue to push shares higher driven by significant NIM growth, a strong Texas economy, and conservative management.
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