Cathay General price target raised to $45 from $38 at Truist

Truist raised the firm’s price target on Cathay General to $45 from $38 and keeps a Hold rating on the shares as part of a broader research note recapping Q2 earnings for Regional and Community banks. The company is one of the more liability sensitive names in the firm’s coverage that will likely see improved fundamentals once rates are moving lower, the analyst tells investors in a research note.