Piper Sandler Maintains Overweight on Capital Bancorp, Raises Price Target to $23
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst Nicholas Cucharale has maintained an Overweight rating on Capital Bancorp (NASDAQ:CBNK) and raised the price target from $22 to $23.
July 31, 2023 | 3:49 pm
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POSITIVE IMPACT
Piper Sandler's Overweight rating on Capital Bancorp is maintained and the price target is raised from $22 to $23.
The news is directly about Capital Bancorp. The Overweight rating indicates that the analyst believes the company's stock will outperform the market in the future. The increase in price target from $22 to $23 suggests that the analyst has a positive outlook on the company's future performance. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100