Stephens & Co. Maintains Overweight on Cadence Bank, Raises Price Target to $27
Portfolio Pulse from richadhand@benzinga.com
Stephens & Co. analyst Matt Olney maintains an Overweight rating on Cadence Bank (NYSE:CADE) and raises the price target from $24 to $27.
July 26, 2023 | 2:38 pm
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POSITIVE IMPACT
The Overweight rating maintained by Stephens & Co. and the raised price target could potentially lead to a positive short-term impact on Cadence Bank's stock.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. The Overweight rating indicates that the analyst believes the company's stock will outperform the market in the future. The raised price target from $24 to $27 suggests the analyst sees more upside potential in the stock, which could attract more investors and drive the stock price up in the short term.
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IMPORTANCE 80
RELEVANCE 100