Citigroup Initiates Coverage On Old National with Buy Rating, Announces Price Target of $17
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ben Gerlinger has initiated coverage on Old National (NASDAQ:ONB) with a Buy rating and set a price target of $17.

December 01, 2023 | 10:23 am
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Citigroup analyst Ben Gerlinger initiated coverage on Old National with a Buy rating and a price target of $17.
Analyst ratings, especially from major financial institutions like Citigroup, can significantly influence investor sentiment and stock prices. A Buy rating typically suggests that the analyst sees the stock as undervalued or expects strong performance in the near future. The announcement of a price target above the current market price can also lead to increased investor interest and upward pressure on the stock price in the short term.
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