RBC Capital Maintains Outperform on Valley Ntl, Raises Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jon Arfstrom maintains an Outperform rating on Valley National Bancorp (NASDAQ:VLY) and raises the price target from $10 to $11.
October 25, 2024 | 6:26 pm
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POSITIVE IMPACT
RBC Capital has reaffirmed its Outperform rating on Valley National Bancorp and increased the price target from $10 to $11, indicating positive expectations for the stock.
The increase in the price target from $10 to $11 by RBC Capital suggests a positive outlook for Valley National Bancorp. The reaffirmation of the Outperform rating indicates confidence in the company's performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100