Barclays raised the firm’s price target on Valley National (VLY) to $11 from $10 and keeps an Underweight rating on the shares as part of a Q2 earnings preview for the mid-cap banks. The firm believes valuations in the group still largely underappreciate an improving operating and regulatory backdrop.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VLY:
- Meta upgraded, PNC Financial downgraded: Wall Street’s top analyst calls
- Valley National upgraded to Overweight from Equal Weight at Morgan Stanley
- Valley National appoints Lyndsey Sloan as general counsel
- Valley National Bancorp Shareholders Meeting Highlights
- Valley National files to sell 72.86M shares of common stock for holders