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 29, 2024 | 2:51 pm
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NEGATIVE IMPACT
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 Valley National Bancorp's stock price in the short term. A lower price target often leads to a negative perception among investors, potentially causing a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100