Keefe Bruyette lowered the firm’s price target on Cathay General (CATY) to $55 from $56 and keeps a Market Perform rating on the shares. The firm trimmed estimates to reflect higher expense growth.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CATY: