Cadence Bank price target raised to $29 from $28 at Barclays

Barclays raised the firm’s price target on Cadence Bank to $29 from $28 and keeps an Equal Weight rating on the shares. The company reported a solid Q1 as the bank’s late-2023 balance sheet repositioning and sale of its insurance subsidiary is paying off in the form of excess liquidity being deployed in early 2024, the analyst tells investors in a research note.