Truist Securities Maintains Hold on Cathay General, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Brandon King maintains a Hold rating on Cathay General (NASDAQ:CATY) and lowers the price target from $46 to $40.
April 01, 2024 | 12:20 pm
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Truist Securities maintains a Hold rating on Cathay General and lowers the price target from $46 to $40.
The reduction in price target by Truist Securities suggests a less optimistic outlook on Cathay General's stock performance in the short term. This adjustment could lead to a negative perception among investors, potentially causing a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100