Stephens & Co. Reiterates Overweight on Cadence Bank, Maintains $32 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Matt Olney has reiterated an Overweight rating on Cadence Bank (NYSE:CADE) and maintained a price target of $32.
January 30, 2024 | 5:31 pm
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Stephens & Co. analyst Matt Olney reaffirmed an Overweight rating on Cadence Bank with a $32 price target, indicating a positive outlook on the stock.
The reiteration of an Overweight rating by a respected analyst firm like Stephens & Co. typically signals confidence in the company's future performance and can positively influence investor sentiment. The maintained price target suggests that the analyst sees the stock reaching or maintaining this level in the near term, which could lead to increased investor interest and potentially drive the stock price up.
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IMPORTANCE 75
RELEVANCE 100