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Camden National Soars on Upgrade | Business and Finance News

Camden National Soars on Upgrade | Business and Finance News

Published 2 days, 15 hours ago
Description

Camden National Bank’s stock surges 3% after Raymond James upgrades it to “Outperform” with a higher price target—rare for a typically low-volatility bank that’s only seen five-plus percent moves four times this year. Amid rising interest rates squeezing regional banks’ margins and shaky commercial real estate loans, Camden stands out with a stellar 30% gain this year and a new 52-week high at $55.84. A $1,000 investment five years ago would now be worth $1,165—a solid return in turbulent markets.

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