Morgan Stanley Upgrades Valley Ntl to Equal-Weight, Raises Price Target to $9.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has upgraded Valley National Bancorp (NASDAQ: VLY) from Underweight to Equal-Weight and raised the price target from $8 to $9.5.
August 05, 2024 | 9:25 am
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Morgan Stanley has upgraded Valley National Bancorp (NASDAQ: VLY) from Underweight to Equal-Weight and raised the price target from $8 to $9.5.
The upgrade from Underweight to Equal-Weight and the increased price target from $8 to $9.5 by Morgan Stanley is likely to positively impact Valley National Bancorp's stock price in the short term. Analyst upgrades generally signal confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100