Old National Bancorp price target raised to $26 from $24 at RBC Capital

RBC Capital analyst Jon Arfstrom raised the firm’s price target on Old National Bancorp (ONB) to $26 from $24 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. The company’s core trends were generally consistent and stable, and while the margin was modestly lower, spread revenues increased slightly, the analyst tells investors in a research note. Old National’s balance sheet trends reflected stable to slightly lower balances, the firm added.