Truist Securities Maintains Hold on Cathay General, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Brandon King has maintained a 'Hold' rating on Cathay General (NASDAQ:CATY) and lowered the price target from $40 to $38.
September 27, 2023 | 4:31 pm
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NEGATIVE IMPACT
Cathay General's price target has been lowered from $40 to $38 by Truist Securities, while maintaining a 'Hold' rating.
The lowering of the price target by Truist Securities indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on Cathay General's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100