UBS Initiates Coverage of Valley National Bancorp with Buy Recommendation, Analysts Forecast 13.22% Upside

UBS initiates coverage of Valley National Bancorp (VLY) with a Buy recommendation. The average one-year price target for VLY is $13.50/share, representing a 13.22% increase from its latest closing price of $11.92/share. There are 764 funds or institutions reporting positions in VLY, with an average portfolio weight of 0.14%. The projected annual revenue for VLY is $2,452MM, an increase of 43.88%.