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Analysts Offer Insights on Financial Companies: Commerce Bancshares (CBSH) and Blackrock (BLK)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Commerce Bancshares (CBSHResearch Report) and Blackrock (BLKResearch Report).

Commerce Bancshares (CBSH)

In a report released today, Manan Gosalia from Morgan Stanley maintained a Hold rating on Commerce Bancshares, with a price target of $70.00. The company’s shares closed last Friday at $68.82.

According to TipRanks.com, Gosalia is a 3-star analyst with an average return of 1.8% and a 44.2% success rate. Gosalia covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Raymond James Financial, and Valley National Bancorp.

The word on The Street in general, suggests a Hold analyst consensus rating for Commerce Bancshares with a $66.66 average price target.

See Insiders’ Hot Stocks on TipRanks >>

Blackrock (BLK)

In a report released today, Michael Cyprys from Morgan Stanley maintained a Buy rating on Blackrock, with a price target of $785.00. The company’s shares closed last Friday at $731.86.

According to TipRanks.com, Cyprys is a 4-star analyst with an average return of 5.4% and a 54.7% success rate. Cyprys covers the Financial sector, focusing on stocks such as BrightSphere Investment Group, Virtus Investment Partners, and Intercontinental Exchange.

Currently, the analyst consensus on Blackrock is a Strong Buy with an average price target of $699.25, a -2.0% downside from current levels. In a report issued on January 4, Goldman Sachs also maintained a Buy rating on the stock with a $825.00 price target.

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