JPMorgan raised the firm’s price target on Valley National (VLY) to $13 from $11 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the small- and mid-cap banks. It expects bank fundamental trends to be highlighted by solid loan and deposit growth as well as increasing net interest margins.
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Read More on VLY:
- Valley National price target raised to $14 from $13 at Morgan Stanley
- Valley National initiated with a Buy at TD Cowen
- Valley National Bancorp: Positioned for Growth with Improved Profitability and Buy Rating
- Valley National upgraded to Buy from Hold at Jefferies
- Valley National upgraded to Buy from Neutral at Citi