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Valley National Bancorp Message Board

  • yak741 yak741 Jul 11, 2013 8:58 AM Flag

    SHORTS ARE TOAST - JUST UPGRADED TO STRONG BUY

    "Bangalore India - We are upgrading Valley National Bank (NYSE - VLY) to Strong Buy from Hold with a 12 Month Price target of $14.00. Based upon improving economic trends, strong credit quality and excellent geographic locals, we believe that Valley National is poised to be one of the early takeover candidates during the coming merger cycle. Management is of retirement age with no heir apparent in place. Bank United (BKU) and New York Community Bank (NYCB) seem like logical partners. Strong Buy - PT - $14.00."

    Vijay Gopal Kumar reporting.

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