Morgan Stanley Reiterates Equal-Weight on Valley Ntl, Maintains $8 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia has reiterated an Equal-Weight rating on Valley National Bancorp (NASDAQ:VLY) and maintained a price target of $8.
July 07, 2023 | 4:00 pm
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Morgan Stanley has reiterated an Equal-Weight rating on Valley National Bancorp and maintained a price target of $8.
The news is directly about Valley National Bancorp (VLY). Morgan Stanley's reiteration of an Equal-Weight rating and maintenance of a $8 price target suggests that they believe the stock is fairly valued at its current price. This is likely to have a neutral impact on the stock's price in the short term.
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IMPORTANCE 70
RELEVANCE 100