DA Davidson Maintains Neutral on Cathay General, Raises Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Gary Tenner maintains a Neutral rating on Cathay General (NASDAQ:CATY) and raises the price target from $34 to $41.
July 25, 2023 | 4:49 pm
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NEUTRAL IMPACT
DA Davidson analyst has maintained a Neutral rating on Cathay General and raised the price target from $34 to $41.
The news is directly about Cathay General. The analyst from DA Davidson has maintained a Neutral rating on the company, indicating that they do not expect significant price movement in the short term. However, the increase in price target from $34 to $41 suggests a positive long-term outlook. This could potentially attract investors, but the immediate impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100