Piper Sandler Downgrades Cadence Bank to Neutral, Raises Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brad Milsaps has downgraded Cadence Bank (NYSE:CADE) from Overweight to Neutral while raising the price target from $33 to $34.
July 24, 2024 | 9:52 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Piper Sandler has downgraded Cadence Bank from Overweight to Neutral, but raised the price target from $33 to $34. This mixed signal could lead to short-term volatility in CADE's stock price.
The downgrade from Overweight to Neutral suggests a less bullish outlook, which could negatively impact investor sentiment. However, the raised price target indicates some underlying confidence in the stock's potential, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100