** Shares of Valley National Bancorp rise ~3% to $10.25 in premarket trading
** J.P. Morgan upgrades stock to "overweight" from "neutral", bumps up price target by 50 cents to $11
** Brokerage "encouraged" by the progress VLY has made on reducing its commercial real estate $(CRE.UK)$ loan concentration
** Also lauds VLY's decision to raise up to $400 mln via a stock sale
** However, there is "still work to be done in 2025 in terms of further reducing the company's CRE concentration", J.P. Morgan adds
** Four of 11 brokerages rate VLY "buy" or higher while the rest "hold"; median PT is $10.50 - data compiled by LSEG
** Stock down 8.3% YTD, as of last close
(Reporting by Niket Nishant in Bengaluru)
((Niket.Nishant@thomsonreuters.com))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。