Keefe Bruyette downgraded Cadence Bank (CADE) to Market Perform from Outperform with a price target of $49, up from $41, after the company agreed to sell itself to Huntington Bancshares (HBAN) in an all-stock deal slated to close in Q1 of 2026. Keefe views the merger as a good deal for both sets of shareholders.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CADE:
- Warner Bros. Discovery upgraded, F5 downgraded: Wall Street’s top analyst calls
- Cadence Bank downgraded to Equal Weight from Overweight at Stephens
- Cadence Bank downgraded to Equal Weight from Overweight at Morgan Stanley
- Cadence Bank downgraded to Equal Weight from Overweight at Barclays
- Cadence Bank upgraded to Outperform from Sector Perform at RBC Capital