Piper Sandler analyst Stephen Scouten downgraded Cadence Bank (CADE) to Neutral from Overweight with a $40 price target after Huntington Bancshares (HBAN) announced it has entered into a definitive agreement to acquire Cadence.
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:
- Midday Fly By: Novartis to buy Avidity, Keurig Dr Pepper beats expectations
- M&A News: Cadence Bank Stock Surges after Huntington Bancshares Makes $7.4B Offer
- Huntington’s purchase of Cadence additive to SE footprint, says RBC Capital
- Video: Merger Monday with deals announced in biotechnology and banking
- Morning Movers: Keurig Dr Pepper jumps after third quarter results