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UPDATE: Keefe, Bruyette & Woods Upgrades Capital City Bank on True Recovery Play

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Keefe, Bruyette & Woods Sees Operating Leverage Being Created For Capital City Bank Group

In a report published Wednesday, Keefe, Bruyette & Woods analyst Jefferson Harralson upgraded the rating on Capital City Bank (NASDAQ: CCBG) from Market Perform to Outperform, and raised the price target from $11.00 to $17.00.

In the report, Keefe, Bruyette & Woods noted, “We are upgrading shares of CCBG to Outperform from Market Perform, and are revising our 2014 estimate to $0.43 from $0.39 previously, and leave our 2015 estimate mostly unchanged. We are raising our price target to $17 from $11 per share.”

Capital City Bank closed on Tuesday at $14.05.

Latest Ratings for CCBG

Mar 2014Keefe Bruyette & WoodsUpgradesMarket PerformOutperform

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Posted-In: Bruyette & Woods Jefferson Harralson KeefeAnalyst Color Upgrades Analyst Ratings


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