UBS raised the firm’s price target on Old National Bancorp (ONB) to $26 from $25 and keeps a Neutral rating on the shares. Mid-cap banks have delivered strong results and avoided early Q4 credit concerns, the analyst tells investors in a research note. Investor momentum into regional banks is expected to continue, supported by curve steepening, accelerating loan growth, and M&A activity such as Santander’s (SAN) acquisition of Webster (WBS).
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ONB:
- Old National Bancorp Capital Issues Subordinated Notes Offering
- Old National Bancorp price target raised to $27 from $26 at Truist
- Old National Bancorp Capital Highlights Fixed Income Investor Presentation
- Old National Bancorp price target raised to $26 from $25 at RBC Capital
- Old National Bancorp price target raised to $28 from $27 at Stephens