JPMorgan Chase & Co. Slashes Valley National Bancorp Price Target to $15.50

Analysts at JPMorgan Chase & Co. have cut their price target for Valley National Bancorp (NASDAQ:VLY) from $17.00 to $15.50, which represents a potential upside of 23.85% from the stock's previous close.

This is not the first time analysts have lowered their expectations for VLY; Morgan Stanley previously cut its price target on the company from $17.00 to $16.00 and set an 'equal weight' rating on the stock.

Despite this, most analysts remain bullish on VLY, with three investment analysts giving it a Strong Buy rating and nine assigning a Buy rating. The average rating for the stock is 'Moderate Buy', and the average target price is $16.19.