In a report published Tuesday, Fig Partners upgraded CVB Financial Corp. CVBF to Outperform and $12.25 price target remains unchanged.
Fig Partners reported that, “We are upgrading our rating on CVBF-CVBF Financial to “Outperform” due to the improved return potential since our last report in mid-January. Our price target of $12.25 is unchanged. It is equivalent to 13.2x forward EPS and 166% of forward tangible book value. These multiples are improvements from current trading, but consistent with median multiples in the last two years.”
CVB Financial Corp's shares closed at $10.52 on Monday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in