Wedbush Maintains Outperform on Cathay General, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst David Chiaverini maintains an Outperform rating on Cathay General (NASDAQ:CATY) and raises the price target from $44 to $50.
July 23, 2024 | 3:28 pm
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POSITIVE IMPACT
Wedbush analyst David Chiaverini has maintained an Outperform rating on Cathay General and increased the price target from $44 to $50.
The increase in the price target from $44 to $50 by a reputable analyst at Wedbush is a positive signal for investors, indicating confidence in Cathay General's future performance. This is likely to result in a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100