Wedbush Maintains Neutral on Valley Ntl, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst David Chiaverini maintains a Neutral rating on Valley National Bancorp (NASDAQ:VLY) but raises the price target from $9 to $10.

September 24, 2024 | 5:23 pm
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Wedbush analyst David Chiaverini maintains a Neutral rating on Valley National Bancorp but raises the price target from $9 to $10, indicating a slightly positive outlook.
The increase in the price target from $9 to $10 suggests a slightly positive outlook for Valley National Bancorp, which could lead to a modest increase in investor interest and potentially a short-term price uptick. However, the Neutral rating indicates that the analyst does not foresee significant outperformance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100