Morgan Stanley Raises Price Target for Valley Ntl (VLY) to $11.00

Valley National Bancorp's (VLY) stock price target has been upgraded by Morgan Stanley to $11.00, up from $10.00, representing a 10% increase. The rating has been changed to "Overweight" from "Equal-Weight." The average target price from analysts is $10.39, with a high estimate of $11.00 and a low estimate of $9.50. The estimated GF Value for VLY in one year is $9.40, suggesting a downside of 2.69% from the current price.