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Stock impact report

Morgan Stanley Lowers Commerce Bancshares (CBSH) Target as Bank Sector Bar Rises [Yahoo! Finance]

Commerce Bancshares, Inc. (CBSH) 
Last commerce bancshares, inc. earnings: 4/28 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.commercebank.com/presentations
Company Research Source: Yahoo! Finance
Morgan Stanley Lowers Commerce Bancshares (CBSH) Target as Bank Sector Bar Rises On March 2, Morgan Stanley analyst Manan Gosalia lowered the firm's price recommendation on Commerce Bancshares, Inc. (NASDAQ:CBSH) to $65 from $67. The analyst reiterated an Equal Weight rating on the shares. In a research note, the firm said it is lifting price targets by a median of 8% across the midcap banks group. Gosalia noted that after the sector's recent outperformance, “the bar is higher from here.” Even so, the firm still sees supportive trends for the group, including loan growth, improving net interest margins, and continued capital returns. Earlier in February, Commerce Bancshares said its Board of Directors approved a quarterly dividend of $0.275 per share on the company's common stock. The payout compares with the prior dividend of $0.262, adjusted for the 5% stock dividend that was paid in December. The change represents a 5% increase in the quarterly dividend per share. The move als Show less Read more
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