Morgan Stanley Upgrades Cadence Bank to Overweight, Raises Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has upgraded Cadence Bank (NYSE:CADE) from Equal-Weight to Overweight, raising the price target from $36 to $39.
September 30, 2024 | 10:52 am
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Morgan Stanley has upgraded Cadence Bank from Equal-Weight to Overweight, with a new price target of $39, indicating a positive outlook.
The upgrade from Equal-Weight to Overweight by Morgan Stanley suggests increased confidence in Cadence Bank's performance. The raised price target from $36 to $39 indicates expectations of stock price appreciation, likely leading to a positive short-term impact on CADE's stock price.
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