Cadence Bank price target raised to $41 from $38 at Barclays

Barclays analyst Jared Shaw raised the firm’s price target on Cadence Bank (CADE) to $41 from $38 and keeps an Overweight rating on the shares as part of a Q2 earnings preview for the mid-cap banks. The firm believes valuations in the group still largely underappreciate an improving operating and regulatory backdrop.