Keefe, Bruyette & Woods Maintains Outperform on Capital City Bank Group, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Wood Lay maintains an Outperform rating on Capital City Bank Group (NASDAQ:CCBG) but lowers the price target from $38 to $37.
April 23, 2024 | 1:00 pm
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NEUTRAL IMPACT
Keefe, Bruyette & Woods maintains an Outperform rating on Capital City Bank Group but lowers the price target from $38 to $37.
The adjustment in price target by Keefe, Bruyette & Woods reflects a slight modification in their valuation of Capital City Bank Group, while maintaining a positive outlook on the stock. This could lead to mixed reactions in the short term, as the market digests the lower price target against the backdrop of an ongoing Outperform rating. The direct mention and specific action taken by the analyst firm suggest a high relevance to CCBG, with a moderate level of importance given the nature of the adjustment. The confidence level is high due to the clear action and rationale provided by the analyst firm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100