Morgan Stanley Reiterates “Sell” Rating for Commerce Bancshares (NASDAQ:CBSH)
Commerce Bancshares (NASDAQ:CBSH)‘s stock had its “sell” rating restated by investment analysts at Morgan Stanley in a research note issued to investors on Monday, AnalystRatings.com reports. They presently have a $52.40 price target on the financial services provider’s stock, down from their previous price target of $55.00. Morgan Stanley’s price target suggests a potential downside of 16.81% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Stephens reissued a “hold” rating and issued a $59.00 price target on shares of Commerce Bancshares in a research note on Wednesday, October 16th. BidaskClub upgraded shares of Commerce Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Two analysts ha ...