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Cullen/Frost Bankers Offers 'Favorable' Outlook, RBC Says

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Cullen/Frost Bankers (CFR) reiterated a "confident" message on growth plans and capital deployment, RBC said in a Friday note after hosting investor meetings with its top executives.

"We are encouraged by the durable competitive positioning and disciplined approach at Cullen/Frost," the report said.

"We view the outlook as favorable, driven by organic growth momentum and positive operating leverage," it added.

The report said investor topics were on organic expansion maturation, competitive strategy, and capital deployment.

RBC kept its sector perform rating and a $176 price target.

Price: $169.82, Change: $+1.22, Percent Change: +0.73%

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