Truist Securities Maintains Hold on Cathay General, Raises Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Cathay General Bancorp (NASDAQ:CATY) while raising the price target from $45 to $47.
September 20, 2024 | 2:51 pm
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Truist Securities has maintained a Hold rating on Cathay General Bancorp and increased the price target from $45 to $47, indicating a slightly positive outlook.
The increase in price target from $45 to $47 suggests a slightly positive outlook for Cathay General's stock, which may lead to a modest increase in investor interest and stock price. However, the Hold rating indicates that the stock is expected to perform in line with the market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100