DA Davidson Maintains Neutral Rating for Capital City Bank Group: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
DA Davidson has maintained a Neutral rating for Capital City Bank Group (NASDAQ:CCBG) but lowered its price target from $34.00 to $32.50. Capital City Bank Group's shares are currently trading at $29.45, and the new price target suggests a potential upside of 10.36%. The company operates in the banking sector, providing a range of services in Florida, Georgia, and Alabama.

January 02, 2024 | 5:00 pm
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DA Davidson maintains a Neutral rating on Capital City Bank Group with a reduced price target of $32.50, indicating a potential 10.36% increase from the current price of $29.45.
The maintenance of a Neutral rating by DA Davidson suggests that the firm does not see significant short-term movement, but the lowering of the price target could be seen as a slight negative signal. However, since the new target still implies a potential upside, this might be interpreted positively by the market. The impact on the stock price will likely be moderate due to the mixed signals.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100