DA Davidson Downgrades Capital City Bank Group to Neutral, Lowers Price Target to $32.5
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Kevin Fitzsimmons has downgraded Capital City Bank Group (CCBG) from Buy to Neutral and reduced the price target from $33.5 to $32.5.
November 15, 2023 | 4:43 pm
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Capital City Bank Group was downgraded by DA Davidson from Buy to Neutral, and the price target was lowered from $33.5 to $32.5.
The downgrade from Buy to Neutral by a reputable analyst like Kevin Fitzsimmons suggests a less optimistic outlook on CCBG's stock performance in the short term. The reduction in price target further indicates a potential decrease in the stock's value, which could lead to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100