Piper Sandler Downgrades Cathay General to Underweight, Announces $31 Price Target
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Matthew Clark has downgraded Cathay General (NASDAQ:CATY) from Neutral to Underweight and set a price target of $31.
November 06, 2023 | 10:49 am
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NEGATIVE IMPACT
Cathay General has been downgraded from Neutral to Underweight by Piper Sandler, with a new price target of $31.
The downgrade from Piper Sandler is likely to negatively impact Cathay General's stock in the short term. The new price target of $31 also suggests a potential downside from the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100