Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Commerce Bancshares Inc (NASDAQ:CBSH) and Industrial Logistics Properties Trust (NASDAQ:ILPT).
Commerce Bancshares Inc (CBSH)
Stephens analyst Matt Olney maintained a Hold rating on Commerce Bancshares Inc today and set a price target of $72. The company’s shares opened today at $67.39, close to its 52-week high of $70.
According to TipRanks.com, Olney is a 4-star analyst with an average return of 8.1% and a 67.2% success rate. Olney covers the Financial sector, focusing on stocks such as Hancock Whitney Corporation, First Financial Bankshares, and Allegiance Bancshares Inc.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Commerce Bancshares Inc with a $66.50 average price target, which is a -1.3% downside from current levels. In a report issued on July 13, Piper Jaffray also maintained a Hold rating on the stock with a $68 price target.
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Industrial Logistics Properties Trust (ILPT)
B.Riley FBR analyst Bryan Maher reiterated a Buy rating on Industrial Logistics Properties Trust today and set a price target of $30. The company’s shares opened today at $23.31, close to its 52-week high of $24.
Maher said:
“We hosted meetings last week in between senior management from Trust (ILPT) and institutional investors. Topics of discussion were wide ranging from broad overviews of the portfolio and strategy to more granular topics such as how to build meaningful investment positions given the small float and when that might become easier. A key discussion item surrounded news from the Journal that ILPT had just acquired a logistics facility near the potential for ILPT’s acquisition activity to ramp in the near term. With the January IPO of ILPT and its material capital availability (>$450M) to make acquisitions, it is key to the growth story.”
According to TipRanks.com, Maher is a 4-star analyst with an average return of 3.9% and a 62.8% success rate. Maher covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Senior Housing Properties Trust, and Condor Hospitality Trust Inc.
Industrial Logistics Properties Trust has an analyst consensus of Hold.
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