RBC Capital Reiterates Sector Perform on Cadence Bank, Maintains $31 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jon Arfstrom has reiterated a 'Sector Perform' rating on Cadence Bank (NYSE:CADE) and maintained a price target of $31. This reaffirmation of the bank's rating and price target suggests that RBC Capital views Cadence Bank's stock performance as aligned with the overall sector's performance.
January 31, 2024 | 3:40 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
RBC Capital analyst Jon Arfstrom has maintained a 'Sector Perform' rating and a price target of $31 for Cadence Bank, indicating a neutral outlook on the bank's stock.
The reiteration of the 'Sector Perform' rating and the maintenance of the price target at $31 by RBC Capital suggests that there are no significant short-term changes expected in Cadence Bank's stock performance. The rating indicates that the stock is expected to perform in line with the market or sector, which is neither an upgrade nor a downgrade. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100