TD Cowen analyst Janet Lee raised the firm’s price target on Valley National (VLY) to $16 from $15 and keeps a Buy rating on the shares. The firm said they delivered a 4Q25 EPS led by upside surprises in B/S growth, NIM, and capital markets. Post 4Q, Cowen continues to see a credible path to a roughly 30% EPS growth for 2026.
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