Wunderlich Securities Maintains CVB Financial Hold Rating, Raises PT To $10 (CVBF)

Wunderlich Securities maintained its CVB Financial CVBF Hold rating and raised CVB Financial's price target from $8 to $10 in a research report published today. In the report, Wunderlich Securities states, "Problem assets remain elevated but improved versus the prior quarter, and we are encouraged by recent actions to reduce the levels of problem assets on the balance sheet. However, we remain on the sidelines awaiting a more attractive entry point and/or some resolution of the SEC's ongoing investigation." Shares of CVB Financial were trading at $9.27 at the time of posting, down 0.38% from Wednesday's market close.