Old National shares are trading higher after Citigroup initiated coverage on the stock with a Buy rating and $17 price target.
Portfolio Pulse from Benzinga Newsdesk
Old National Bancorp's stock (ONB) is trading higher following Citigroup's initiation of coverage with a Buy rating and a price target of $17.

December 01, 2023 | 7:58 pm
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Citigroup initiated coverage on Old National Bancorp with a Buy rating and a price target of $17, which is likely to boost investor confidence and potentially increase the stock's price in the short term.
Analyst ratings, especially from major financial institutions like Citigroup, can significantly influence investor sentiment and stock prices. A Buy rating suggests that Citigroup analysts see the stock as undervalued or expect positive performance in the future. The $17 price target represents a specific expectation of stock value increase, which can lead to increased buying activity as investors aim to capitalize on the anticipated growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100