Piper Sandler raised the firm’s price target on Cambridge Bancorp (CATC) to $67 from $65 and keeps a Neutral rating on the shares. The firm notes that Eastern Bankshares (EBC) also announced that it was acquiring Cambridge Bancorp for $528M in stock.
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Read More on CATC:
- Cambridge Bancorp up 25% at $60.59 after entering Eastern Bankshares merger
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- Cambridge Bancorp Enters Into Definitive Agreement to Merge with Eastern Bankshares, Inc.
- Cambridge Bancorp and Eastern Bankshares enter into definitive merger agreement
- Eastern Bankshares to merge with Cambridge Bancorp in $528M deal