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Financial Markets
Jefferies initiates Valley National with Hold, sets $10 target
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** Jefferies, a well-known investment bank, has started coverage of Valley National Bank with a "Hold" rating, suggesting investors maintain their current positions rather than buy or sell aggressively. They’ve set a price target of $10, implying limited upside from current levels.
What This Mean: ** For anyone holding Valley National stock, this isn’t a ringing endorsement—but it’s not a red flag either. A "Hold" rating means analysts see the bank as fairly valued for now, with no major catalysts to push the stock significantly higher or lower. It’s a wait-and-see call, which matters to investors weighing whether to stick with the stock or shift funds elsewhere.

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