Analyst Scoreboard: 6 Ratings For Cadence Bank
Portfolio Pulse from Benzinga Insights
Analysts have recently provided mixed ratings for Cadence Bank (NYSE:CADE), with a range of opinions from bullish to indifferent. The average 12-month price target has increased by 6.23% to $37.0. Analysts have adjusted their ratings and price targets in response to market conditions, reflecting varied expectations for Cadence Bank's performance. Despite impressive revenue growth, Cadence Bank faces challenges with profitability, return on equity, and debt management.
October 23, 2024 | 3:00 pm
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Cadence Bank (NYSE:CADE) has received mixed analyst ratings, with a recent increase in the average 12-month price target to $37.0. Analysts have adjusted their ratings and price targets, reflecting varied expectations for the bank's performance. Despite strong revenue growth, Cadence Bank faces challenges in profitability and debt management.
The article provides a detailed analysis of recent analyst ratings for Cadence Bank, highlighting a 6.23% increase in the average price target. While the revenue growth is positive, the bank's challenges in profitability and debt management could offset the bullish sentiment, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100