Keefe, Bruyette & Woods Assumes Coverage On Cullen/Frost With Market Perform Rating

According to Keefe, Bruyette & Woods, Cullen/Frost Bankers (NYSE: CFR) coverage is assumed with Market Perform rating.

Keefe, Bruyette & Woods said that it is assuming coverage of Cullen/Frost Bankers, Inc. with a Market Perform rating and $55 12-month price target. “We believe the company is currently well positioned for the return of loan demand and a more active consolidation wave in its home state of Texas.”

Cullen/Frost Bankers closed yesterday at $56.13.