Piper Sandler Downgrades Valley Ntl to Neutral, Raises Price Target to $11
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst Matthew Breese has downgraded Valley National (NASDAQ:VLY) from Overweight to Neutral, while raising the price target from $10 to $11.
July 28, 2023 | 9:37 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Valley National has been downgraded to Neutral from Overweight by Piper Sandler, but the price target has been raised from $10 to $11.
The downgrade to Neutral suggests that Piper Sandler sees limited upside potential for Valley National in the near term. However, the increase in price target from $10 to $11 indicates that the analyst still sees some potential for the stock to appreciate. This mixed signal could lead to neutral or uncertain short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100