Price target on Cullen/Frost’s stock upgraded

James Aldridge^[1]

Web Editor- San Antonio Business Journal

This email address is being protected from spambots. You need JavaScript enabled to view it.^[2]  | Twitter^[3]  | Google+^[4]  | LinkedIn^[5]

Analysts at Barclays Capital^[6] raised their price target on shares of Cullen/Frost Bankers’ stock to $63 from $58, the Mideast Times reported^[7].

The investment firm currently has an “underweight” rating on the stock. Cullen/Frost (NYSE: CFR) opened Tuesday at $71.90. The stock was trading in the mid-$71 range as of midday.

San Antonio-based Cullen/Frost owns Frost Bank^[8], which operates branches throughout major markets in Texas.

James Aldridge oversees online content of the newspaper; edits and reports stories for the online edition.

References

1. ^{^} James Aldridge (feeds.bizjournals.com)
2. ^{^} This email address is being protected from spambots. You need JavaScript enabled to view it. (feeds.bizjournals.com)
3. ^{^} Twitter (twitter.com)
4. ^{^} Google+ (plus.google.com)
5. ^{^} LinkedIn (feeds.bizjournals.com)
6. ^{^} Barclays Capital (www.bizjournals.com)
7. ^{^} Mideast Times reported (www.mideasttime.com)
8. ^{^} Frost Bank (www.bizjournals.com)