Morgan Stanley analyst Manan Gosalia upgraded Cullen/Frost Bankers (NYSE: CFR) from Underweight to Overweight with a price target of $200.00 (from $141.00).

For an analyst ratings summary and ratings history on Cullen/Frost Bankers click here. For more ratings news on Cullen/Frost Bankers click here.

Shares of Cullen/Frost Bankers closed at $162.62 yesterday.