Piper Sandler Maintains Overweight on Capital City Bank Group, Lowers Price Target to $38
Portfolio Pulse from jenniferd'souza@benzinga.com
Piper Sandler analyst Stephen Scouten maintains an Overweight rating on Capital City Bank Group (NASDAQ:CCBG) but lowers the price target from $42 to $38.
August 15, 2023 | 2:43 pm
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NEUTRAL IMPACT
Piper Sandler has maintained an Overweight rating on Capital City Bank Group but lowered the price target from $42 to $38.
The news is directly about Capital City Bank Group. Piper Sandler's lowered price target could indicate a perceived decrease in the company's future value, but the maintained Overweight rating suggests that the company is still expected to outperform the market. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100