TD Cowen analyst Janet Lee raised the firm’s price target on Old National Bancorp (ONB) to $26 from $25 and keeps a Hold rating on the shares. The firm said with 3Q25 reflecting the Bremer impact, ONB delivered a solid print led by fee and NIM. Yet, 4Q25 NII guidance was slightly lowered and loan growth lagged with Bremer run-offs weighing, tempering the quarter’s strength.
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