Cathay General price target raised to $52 from $50 at Wedbush

Wedbush raised the firm’s price target on Cathay General (CATY) to $52 from $50 and keeps an Outperform rating on the shares. The firm notes Cathay reported an in-line quarter with mixed guidance revisions as loan growth and net interest margin were tweaked lower, but the buyback outlook was more positive than expected.