Wedbush Maintains Outperform on Cathay General, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst David Chiaverini maintains an Outperform rating on Cathay General (NASDAQ:CATY) but lowers the price target from $42 to $40.
October 24, 2023 | 12:50 pm
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Cathay General's price target has been lowered from $42 to $40 by Wedbush, though the Outperform rating is maintained.
The news is directly about Cathay General. The lowering of the price target might indicate a slightly less optimistic outlook, but the maintenance of the Outperform rating suggests that the analyst still sees potential for the stock to outperform the market. This could have a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100