Rating Change
Keefe, Bruyette & Woods analysts downgraded Cullen/Frost Bankers, Inc. (NYSE:CFR) from Outperform to Market Perform on November 02, 2026.
Keefe, Bruyette & Woods analysts downgraded Cullen/Frost Bankers, Inc. (NYSE:CFR) from Outperform to Market Perform on November 02, 2026.

At publication ·
Cullen/Frost Bankers, Inc. (NYSE:CFR) · downgrade
At a glance
Keefe, Bruyette & Woods analysts downgraded Cullen/Frost Bankers, Inc. (NYSE:CFR) from Outperform to Market Perform on November 02, 2026.
Cullen/Frost Bankers, Inc. operates in the Financial Services sector. The stock currently trades at $158.02 with a market capitalization of $8.4B.
Analyst downgrades can weigh on a stock in the short term as institutional investors who follow Keefe, Bruyette & Woods's research adjust their positions. However, downgrades also sometimes create buying opportunities if the market overreacts to the rating change. The reasoning behind the downgrade matters more than the rating itself.
Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.
Among the 10 most recent ratings: 3 Buy, 7 Hold, 0 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Nov 02, 2026 | Keefe, Bruyette & Woods | Market Perform | N/A |
| Oct 30, 2026 | DA Davidson | Neutral | N/A |
| Oct 14, 2026 | Cantor Fitzgerald | Neutral | N/A |
| Oct 09, 2026 | RBC Capital | Sector Perform | N/A |
| Oct 05, 2026 | Barclays | Equal-Weight | N/A |
Related Tools: Analyst Ratings Dashboard | View CFR Stock Page
A rating of Market Perform from Keefe, Bruyette & Woods reflects the analyst's outlook on Cullen/Frost Bankers, Inc. (NYSE:CFR). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the CFR forecast page.
Current market data
NYSE · CFR
$159.14
Up: +$0.55 · +0.35%
Live quote updated
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