Barclays Initiates Coverage On Valley Ntl with Underweight Rating, Announces Price Target of $8
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jared Shaw initiates coverage on Valley National Bancorp (VLY) with an Underweight rating and sets a price target of $8.
March 08, 2024 | 10:30 am
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Barclays initiated coverage on Valley National Bancorp with an Underweight rating and a price target of $8.
The initiation of coverage by Barclays with an Underweight rating suggests a bearish outlook on VLY's stock. The set price target of $8 could indicate that Barclays analysts believe the stock is currently overvalued, potentially leading to a negative short-term impact on its price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100