Barclays Upgrades Valley Ntl to Equal-Weight, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jared Shaw has upgraded Valley National Bancorp (NASDAQ:VLY) from Underweight to Equal-Weight and increased the price target from $9 to $10.
October 31, 2024 | 11:26 am
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POSITIVE IMPACT
Barclays has upgraded Valley National Bancorp from Underweight to Equal-Weight, raising the price target from $9 to $10, indicating a more positive outlook.
The upgrade from Underweight to Equal-Weight by Barclays suggests improved confidence in Valley National Bancorp's performance. The raised price target from $9 to $10 indicates potential for stock price appreciation, likely leading to positive short-term market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100