Raymond James Maintains Strong Buy on Cadence Bank, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Michael Rose has maintained a Strong Buy rating on Cadence Bank (NYSE:CADE) but has reduced the price target from $35 to $34.

January 31, 2024 | 11:50 am
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Cadence Bank's Strong Buy rating is maintained by Raymond James, though the price target is lowered from $35 to $34.
While the reduction in price target could suggest a slightly less optimistic outlook on Cadence Bank's stock value, the maintenance of a Strong Buy rating indicates that the overall positive sentiment from Raymond James remains intact. This mixed signal is likely to have a neutral short-term impact on the stock price as investors weigh the lowered target against the continued strong buy recommendation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100