As the U.S. stock market experiences a post-election rally with major indexes reaching record highs, investors are keenly observing the Federal Reserve's upcoming rate decision for further economic insights. In this climate of heightened market activity, identifying undervalued stocks can offer potential opportunities, particularly those estimated to be significantly below their intrinsic value amidst evolving monetary policies and economic conditions.
DA Davidson raised the firm’s price target on Cadence Bank (CADE) to $40 from $36 and keeps a Buy rating on the shares after its Q3 earnings beat. The company’s execution and outlook in a falling rate environment, given limited floating rate loans and upward pricing of variable and fixed rate loans, should support its net interest income growth and net interest margin expansion in 2025, the analyst tells investors in a research note. Published first on TheFly – the ultimate source for real-time,