Cathay General price target lowered to $57 from $60 at Stephens

Stephens analyst Andrew Terrell lowered the firm’s price target on Cathay General (CATY) to $57 from $60 and keeps an Overweight rating on the shares after Q4 operating EPS of $1.13 beat the firm’s and Street’s estimates. Outside of the “credit noise, we thought the quarter was solid,” says the analyst, who is lowering the firm’s FY26 operating EPS estimate to $5.00 from $5.23.