Piper Sandler Maintains Underweight on Cathay General, Raises Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Matthew Clark maintains an Underweight rating on Cathay General (NASDAQ:CATY) but raises the price target from $32 to $36.
July 23, 2024 | 12:40 pm
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NEUTRAL IMPACT
Piper Sandler's analyst Matthew Clark maintains an Underweight rating on Cathay General but raises the price target from $32 to $36.
The Underweight rating suggests a bearish outlook, but the raised price target indicates some positive expectations. The mixed signals likely result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100