TD Cowen upgraded Old National Bancorp (ONB) to Buy from Hold with a price target of $30, up from $27. The company reported “strong” Q4 results with a solid 2026 outlook, the analyst tells investors in a research note. TD says that with rising growth momentum exiting the quarter, Old National’s sales growth should accelerate, producing 20% earnings growth for 2026, which exceeds peers. It now sees the stock’s valuation discount narrowing.
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