TD Cowen analyst Janet Lee raised the firm’s price target on Valley National (VLY) to $17 from $16 and keeps a Buy rating on the shares. The firm said they posted a 1Q EPS beat, while 2026 NII guidance was raised, reflecting strong core deposit growth and NIM trends. Post 1Q, they see a clear path to 30% EPS growth in 2026, supported by outsized NIM expansion, accelerating loan growth, lower provisions, and ongoing buybacks.
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