Stephens upgraded Camden National (CAC) to Overweight from Equal Weight with a price target of $44, down from $49, following Q2 earnings. The firm believes the increase in NPAs, tied to one syndicated credit, is a one-off in nature and not indicative of broader credit deterioration, the analyst tells investors.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAC: