Truist Securities Maintains Hold on Cathay General, Lowers Price Target to $34
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Brandon King has maintained a 'Hold' rating on Cathay General (NASDAQ:CATY) and lowered the price target from $36 to $34.
June 29, 2023 | 2:43 pm
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NEGATIVE IMPACT
Cathay General's price target has been lowered from $36 to $34 by Truist Securities, which maintains a 'Hold' rating on the stock.
The lowering of the price target by Truist Securities indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on Cathay General's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100