Barclays Initiates Coverage On Old National with Overweight Rating, Announces Price Target of $20
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jared Shaw initiates coverage on Old National (NASDAQ:ONB) with an Overweight rating and a price target of $20.

March 08, 2024 | 10:12 am
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Barclays initiated coverage on Old National with an Overweight rating and set a price target of $20.
Analyst ratings, especially from reputable firms like Barclays, can significantly influence investor sentiment and stock prices. An Overweight rating suggests that Barclays believes ONB will outperform the broader market or its sector, potentially leading to an increase in investor interest and a rise in the stock price in the short term. The announcement of a specific price target provides a tangible goal that may further boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100