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Commerce Bancshares (NASDAQ:CBSH) has been downgraded from Equal-Weight to Underweight in a statement by Morgan Stanley earlier today.

Morgan Stanley has downgraded Commerce Bancshares(NASDAQ:CBSH) from Equal-Weight to Underweight in a statement released on 9/20/2016.

Only yesterday Commerce Bancshares (NASDAQ:CBSH) traded 0.70% higher at $49.06. CBSH’s 50-day average is $48.91 and its two hundred day moving average is $47.18. The last stock price is up 4.02% relative to the 200-day average, compared to the S&P 500 Index which has decreased -0.01% over the date range. 111,765 shares of Commerce Bancshares traded, down from ann average volume of 400,420.

Recent Performance Graph:

Commerce Bancshares (NASDAQ:CBSH)

With a market cap of $0.0, Commerce Bancshares has a P/E of 19 with a one-year low of $37.44 and a one-year high of $51.30.

Also covering Commerce Bancshares’s stock price target, a total of 8 analysts have issued a ratings update on CBSH. The one year target price is $43.63 with 0 rating the stock a strong buy, 0 rating the company a buy, eight firms rating the stock a hold, one brokerage rating the company to underperform, and finally 0 analystsrating the stock as sell.

More About Commerce Bancshares (NASDAQ:CBSH)

Commerce Bancshares, Inc. is a bank holding company of Commerce Bank (the Bank). The Bank is engaged in general banking business, providing a range of retail, corporate, investment, trust and asset management products and services to individuals and businesses. The Company operates through three segments: Consumer, Commercial and Wealth. Its Consumer segment includes the retail branch network, consumer installment lending, personal mortgage banking, and consumer debit and credit bank card activities. Its Commercial segment provides corporate lending (including the Small Business Banking product line within the branch network), leasing, international services, and business, government deposit, and related commercial cash management services, as well as merchant and commercial bank card products. Its Wealth segment provides traditional trust and estate tax planning, advisory and discretionary investment management, and and brokerage services.

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