Cullen/Frost price target raised to $141 from $138 at Stephens

Stephens raised the firm’s price target on Cullen/Frost (CFR) to $141 from $138 and keeps an Equal Weight rating on the shares. Q1 results were highlighted by accelerating revenue trends as noninterest income and net interest income each exceeded consensus forecast, while the updated 2025 guidance reflects a more favorable revenue outlook while maintaining guidance for noninterest expense, implying incremental positive operating leverage, says the firm, which is increasing its 2026 EPS forecast by 2% to $9.39.