Piper Sandler Downgrades Capital City Bank Group to Neutral, Raises Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Stephen Scouten has downgraded Capital City Bank Group (NASDAQ:CCBG) from Overweight to Neutral while raising the price target from $30 to $34.
July 29, 2024 | 9:34 am
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Piper Sandler has downgraded Capital City Bank Group from Overweight to Neutral, but raised the price target from $30 to $34.
The downgrade from Overweight to Neutral suggests a less bullish outlook on CCBG, which could lead to a neutral or slightly negative short-term impact on the stock price. However, the raised price target to $34 indicates some underlying confidence in the company's valuation, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100