Piper Sandler Maintains Overweight on Capital City Bank Group, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Stephen Scouten maintains an Overweight rating on Capital City Bank Group (CCBG) but lowers the price target from $34 to $30.

April 23, 2024 | 1:30 pm
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Piper Sandler maintains an Overweight rating on Capital City Bank Group but reduces the price target from $34 to $30.
The reduction in price target by Piper Sandler, despite maintaining an Overweight rating, could lead to a negative short-term sentiment among investors, potentially causing a decrease in CCBG's stock price. The adjustment reflects a reassessment of the stock's future performance potential, which might be interpreted by the market as a sign of caution, despite the positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100