Analyst Ratings For Cadence Bank
Portfolio Pulse from Benzinga Insights
Analyst ratings for Cadence Bank (NYSE:CADE) show a mix of opinions, with recent updates indicating a positive trend in price targets. The average 12-month price target is now $27.75, up from $26.00. Citigroup, Morgan Stanley, Piper Sandler, and Stephens & Co. have made adjustments to their ratings and price targets. Cadence Bank's financial performance shows challenges in revenue growth, profitability, and debt management, with key metrics below industry averages.
December 29, 2023 | 8:00 pm
News sentiment analysis
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POSITIVE IMPACT
Analysts have updated their ratings and price targets for Cadence Bank, with a new average price target of $27.75, indicating a positive sentiment. However, financial challenges such as revenue decline and below-average profitability metrics may temper investor enthusiasm.
The increase in the average price target to $27.75 reflects a positive sentiment from analysts, which could lead to short-term bullishness in the stock. However, the company's financial challenges, such as a revenue decline of -6.63% and lower profitability metrics, may limit the stock's upside potential. The score reflects a cautiously optimistic outlook, balancing the positive analyst ratings with the underlying financial concerns.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100