Wedbush Maintains Neutral on Valley Ntl, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst David Chiaverini maintains a Neutral rating on Valley National Bancorp (NASDAQ:VLY) and lowers the price target from $9 to $8.

April 26, 2024 | 2:22 pm
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Wedbush analyst David Chiaverini maintains a Neutral rating on Valley National Bancorp and lowers the price target from $9 to $8.
The reduction in price target by Wedbush reflects a negative outlook on the stock's short-term price potential, likely due to revised earnings expectations or market conditions. As price targets often influence investor perception and can impact stock price, this adjustment is expected to have a short-term negative impact on VLY's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100