CVB Financial price target lowered to $23 from $25 at Stephens

Stephens lowered the firm’s price target on CVB Financial (CVBF) to $23 from $25 and keeps an Equal Weight rating on the shares. Following the Q4 report, the firm is lowering its FY26 operating EPS forecasts 6% to $1.49, mostly reflecting a lower net interest income forecast as well as slightly higher operating expenses, the analyst tells investors.