Keefe, Bruyette & Woods Maintains Outperform on Valley Ntl, Lowers Price Target to $12-Report Released on 25 January 2024
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Michael Perito has maintained an Outperform rating on Valley National Bancorp (NASDAQ:VLY) but lowered the price target from $13 to $12, as reported on January 25, 2024.

January 26, 2024 | 2:23 pm
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Valley National Bancorp's Outperform rating is maintained by Keefe, Bruyette & Woods, but the price target is reduced from $13 to $12.
The reduction in price target by Keefe, Bruyette & Woods could lead to a negative perception among investors, potentially causing a short-term dip in Valley National Bancorp's stock price. However, the maintenance of the Outperform rating suggests that the overall outlook remains positive, which might limit the downside.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100