Truist Securities Maintains Buy on Cadence Bank, Lowers Price Target to $23
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Brandon King has maintained a 'Buy' rating on Cadence Bank (NYSE:CADE) but lowered the price target from $24 to $23.

June 29, 2023 | 2:42 pm
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Cadence Bank's price target has been lowered from $24 to $23 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could indicate a potential decrease in the short-term value of Cadence Bank's stock. However, the maintained 'Buy' rating suggests that the bank's long-term prospects remain strong. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100