JP Morgan Maintains Neutral on Valley Ntl, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Steven Alexopoulos maintains a Neutral rating on Valley National Bancorp (NASDAQ:VLY) but raises the price target from $9 to $10.
October 09, 2024 | 8:37 pm
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JP Morgan has maintained a Neutral rating on Valley National Bancorp but increased the price target from $9 to $10, indicating a slightly more positive outlook.
The increase in the price target from $9 to $10 suggests a slightly more optimistic view on the stock's potential, which could lead to a positive short-term impact on the stock price. However, the Neutral rating indicates that the analyst does not see significant upside potential, balancing the impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100