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 26, 2023 | 2:43 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 is likely to have a neutral impact on its stock price in the short term. 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 bank remains unchanged.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100