CVB Financial upgraded to Outperform from Market Perform at Keefe Bruyette

Keefe Bruyette upgraded CVB Financial to Outperform from Market Perform with a price target of $22, up from $20. The shares have fallen 31% since the start of 2023 but the bank’s net interest margin and deposits are at or near stabilization, the analyst tells investors in a research note. The firm sees an “an attractive entry point into a high quality franchise.”