Piper Sandler lowered the firm’s price target on Old National Bancorp (ONB) to $16 from $17 and keeps an Overweight rating on the shares after the company agreed to acquire CapStar (CSTR). While the firm is sensitive to the choppiness of the market these days and the likelihood that any deal might put a buyer in the penalty box for a bit, it believes this is a “solid” transaction.
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Read More on ONB:
- CapStar Financial, Old National enter merger agreement
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