Truist Securities Maintains Buy on Cadence Bank, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Brandon King has maintained a 'Buy' rating on Cadence Bank (NYSE:CADE), but lowered the price target from $27 to $25.
September 27, 2023 | 4:30 pm
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NEUTRAL IMPACT
Cadence Bank's price target has been lowered from $27 to $25 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100