Morgan Stanley Reiterates Equal-Weight on Cadence Bank, Maintains $23 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia has reiterated an Equal-Weight rating on Cadence Bank (NYSE:CADE) and maintained a $23 price target.
July 07, 2023 | 3:33 pm
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Morgan Stanley has reiterated an Equal-Weight rating on Cadence Bank and maintained a $23 price target.
The news is directly about Cadence Bank and its rating by Morgan Stanley. The Equal-Weight rating suggests that the bank's stock is expected to perform in line with the sector average or the benchmark index. The maintained price target indicates that the analyst's valuation of the company has not changed. This could lead to a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100