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.”
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Read More on CVBF:
- CVB Financial price target lowered to $20 from $21 at Wedbush