ONB Upgraded by Raymond James -- Rating Changed to Outperform

gurufocus.com · 2026-10-06

On October 5, 2026, Raymond James upgraded Old National Bancorp (ONB) from Market Perform to Outperform. The new price target for ONB is set at $29.00, reflecti

TickrTrends take: Raymond James upgraded ONB to an Outperform rating, which represents a positive reassessment of the company's prospects. Given that TickrTrends currently assesses ONB as fairly valued within the Financial Services sector, this analyst upgrade suggests the market may be pricing in limited upside from current levels, or that the upgrade reflects confidence in near-term catalysts that could move the valuation. Investors focused on valuation metrics should monitor whether this upgraded rating influences institutional buying patterns or prompts analysts to revise earnings expectations upward.

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