Truist Securities Maintains Hold on Cathay General, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Cathay General (NASDAQ:CATY) while raising the price target from $38 to $45.
July 24, 2024 | 12:10 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Truist Securities has maintained a Hold rating on Cathay General (NASDAQ:CATY) and raised the price target from $38 to $45. This indicates a positive outlook on the stock's potential, though the Hold rating suggests limited upside in the short term.
The raised price target from $38 to $45 suggests that the analyst sees more value in the stock than previously estimated. However, the Hold rating indicates that the stock may not outperform the market significantly in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100