Barclays analyst Jared Shaw upgraded Cadence Bank (CADE) to Overweight from Equal Weight with a price target of $44, up from $41. The bank is poised to see better growth profiles in 2025 and 2026, and benefit from fixed rate asset repricing, the analyst tells investors in a research note. The firm likes the growth prospects at Cadence and views its above-average profitability, good credit, and strong capital profile as supportive of multiple expansion.
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