Hovde Group Downgrades Valley Ntl to Market Perform, Announces $11 Price Target
Portfolio Pulse from richadhand@benzinga.com
Hovde Group analyst David Bishop has downgraded Valley Ntl (NASDAQ:VLY) from Outperform to Market Perform and set a price target of $11.
August 01, 2023 | 12:03 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Valley Ntl has been downgraded by Hovde Group from Outperform to Market Perform with a new price target of $11.
The downgrade from Outperform to Market Perform by Hovde Group indicates a less optimistic outlook for Valley Ntl. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $11 also provides a benchmark for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100