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CBSH

Commerce Bancshares

$65.28

-0.15 (-0.23%)

, CFR

Cullen/Frost

$118.66

-0.18 (-0.15%)

06:52
05/15/18
05/15
06:52
05/15/18
06:52

Commerce Bancshares downgraded to Underperform on valuation at BofA/Merrill

As previously reported, BofA/Merrill downgraded Commerce Bancshares (CBSH) to Underperform from Neutral and maintained a $64 price target. Analyst Ebrahim Poonawala Cullen/Frost (CFR) versus short Commerce Bancshares.

CBSH

Commerce Bancshares

$65.28

-0.15 (-0.23%)

CFR

Cullen/Frost

$118.66

-0.18 (-0.15%)

CBSH Commerce Bancshares
$65.28

-0.15 (-0.23%)

02/26/18
KBWI
02/26/18
UPGRADE
KBWI
Market Perform
Commerce Bancshares upgraded to Market Perform at Keefe Bruyette
04/10/18
RAJA
04/10/18
UPGRADE
RAJA
Market Perform
Commerce Bancshares upgraded to Market Perform at Raymond James
04/13/18
DADA
04/13/18
NO CHANGE
Target $67
DADA
Neutral
Commerce Bancshares price target raised to $67 from $62 at DA Davidson
DA Davidson analyst Jeff Rulis raised his price target on Commerce Bancshares to $67 after the company's Q1 earnings beat, noting its better than expected spread income and tighter cost control. Rulis adds that while the balance sheet growth developments were mixed, the credit quality of the loan portfolio and profitability metrics remain "sound". The analyst keeps his Neutral rating on Commerce Bancshares, whose valuation is in "premium territory" relative to peers.
05/15/18
BOFA
05/15/18
DOWNGRADE
BOFA
Underperform
Commerce Bancshares downgraded to Underperform from Neutral at BofA/Merrill
CFR Cullen/Frost
$118.66

-0.18 (-0.15%)

04/10/18
04/10/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Monsanto (MON) downgraded to Market Perform from Outperform at BMO Capital with analyst Joel Jackson citing the rising likelihood of the acquisition by Bayer (BAYRY) after yesterday's reports of approval of the merger by the U.S. Department of Justice. 2. Hershey (HSY) downgraded to Sell from Neutral at UBS with analyst Steven Strycula saying Hershey's portfolio is over-exposed to slowing category consumption, intensifying competition, and rising cocoa prices. 3. Cullen/Frost (CFR) downgraded to Underperform from Market Perform at Raymond James. 4. vTv Therapeutics (VTVT) downgraded to Hold from Buy at Stifel, to Neutral from Buy at Seaport Global, Piper Jaffray, and Roth Capital, as well as to Market Perform from Outperform at Northland. 5. Radian Group (RDN) downgraded to Sector Perform from Outperform at RBC Capital with analyst Mark Dwelle citing the latest reduction in borrower-paid premium rates at MGIC Investment (MTG) and saying he believes sentiment in the space will be negatively impacted. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/27/18
BOFA
04/27/18
UPGRADE
Target $125
BOFA
Buy
Cullen/Frost upgraded to Buy from Underperform at BofA/Merrill
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.
04/29/18
EVER
04/29/18
UPGRADE
EVER
In Line
Cullen/Frost upgraded to In Line from Underperform at Evercore ISI
04/30/18
EVER
04/30/18
UPGRADE
EVER
In Line
Cullen/Frost upgraded to In Line from Underperform at Evercore ISI

TODAY'S FREE FLY STORIES

IGT

International Game

$28.47

-1.28 (-4.30%)

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TSC

TriState Capital

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TJX

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$87.50

2.84 (3.35%)

, M

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MU

Micron

$58.95

3.47 (6.25%)

, BAC

Bank of America

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NXP Semiconductors

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SLB

Schlumberger

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EOG Resources

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HP

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RRC

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NE

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TMO

Thermo Fisher

$217.88

1.2 (0.55%)

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Conference/Events
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  • 23

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CY

Cypress Semiconductor

$16.31

0.2 (1.24%)

08:54
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  • 29

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TOL

Toll Brothers

$39.46

-4.14 (-9.50%)

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MRVL

Marvell

$21.92

0.5 (2.33%)

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  • 31

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IDTI

Integrated Device

$32.49

0.41 (1.28%)

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  • 29

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TIF

Tiffany

$102.26

-0.96 (-0.93%)

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Tiffany says it had success in Japan, Europe »

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AOBC

American Outdoor Brands

$11.75

0.075 (0.64%)

, RGR

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UTX

United Technologies

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KSS

Kohl's

$60.60

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ESPR

Esperion

$39.68

1.78 (4.70%)

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DDAIF

Daimler AG

$0.00

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MDR

McDermott

$22.30

-0.25 (-1.11%)

, S

Sprint

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MDR

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$22.30

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S

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Baozun

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HYG

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XLU

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  • 10

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LOW

Lowe's

$85.74

-1.63 (-1.87%)

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  • 23

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SPY

SPDR S&P 500 ETF Trust

$272.57

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IFF

International Flavors

$125.00

0.05 (0.04%)

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  • 23

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WPP

WPP

$91.49

0.62 (0.68%)

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HSBC

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0.575 (1.15%)

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OMC

Omnicom

$75.27

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VSTO

Vista Outdoor

$14.08

0.16 (1.15%)

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Conference/Events
Vista Outdoor management to meet with KeyBanc »

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  • 23

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TGT

Target

$75.42

-1.44 (-1.87%)

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  • 23

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VTGN

VistaGen Therapeutics

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-0.01 (-1.00%)

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PINC

Premier

$32.35

0.16 (0.50%)

08:38
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Conference/Events
Premier management to meet with KeyBanc »

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  • 23

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