Loading...
Loading...
Sterne Agee upgraded its rating on Valley National Bancorp
VLY from Underperform to Neutral as valuation may find support at current levels.
Sterne Agee noted, "We upgraded shares of Valley National Bancorp to
Neutral from Underperform. The upgrade was attributed to the stock achieving our price target. At current levels we believe the stock will have support from the 6.8% dividend yield in addition to a short interest of 10.2% of total shares, equivalent to 20 days of the current average daily trading volume."
Valley National Bancorp closed at $9.65 on Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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