Morgan Stanley raised the firm’s price target on Valley National (VLY) to $13 from $11 and keeps an Overweight rating on the shares while making the stock the analyst’s Top Pick. Upcoming Fed rate cuts drive increased conviction in top quartile 2026 EPS growth, says the analyst, who is modeling 23% EPS growth for Valley in 2026. EPS growth is seen being driven not only by rising net interest margins, but also core deposit growth, accelerating loan growth, and stable credit post strategic actions, the analyst tells investors.
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