Keefe, Bruyette & Woods Maintains Market Perform on Cathay General, Raises Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Christopher Mcgratty maintains a 'Market Perform' rating on Cathay General (NASDAQ:CATY) and raises the price target from $37 to $39.
July 25, 2023 | 1:27 pm
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Cathay General's price target has been raised from $37 to $39 by Keefe, Bruyette & Woods, maintaining a 'Market Perform' rating.
The news of a raised price target typically indicates a positive outlook for the company's stock. As the price target is raised by Keefe, Bruyette & Woods, a well-respected analyst firm, this could lead to increased investor confidence in Cathay General, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100