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Commerce Bancshares price target raised to $73 from $71 at BofA

Commerce Bancshares price target raised to $73 from $71 at BofA

Business Insider12 hours ago
BofA raised the firm's price target on Commerce Bancshares (CBSH) to $73 from $71 and keeps a Neutral rating on the shares. The firm adjusted regional bank price targets as part of a Q2 earnings preview. A lack of interest rate cuts delay a rebound in growth, but 'resilient' earnings, an acceleration in loan growth, and investment banking activity server as catalysts for the stocks, the analyst tells investors in a research note.
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