Sterne Agee has initiated coverage of CVB Financial Corporation CVBF with a Neutral Rating.
According to the report, “Although the independent minded Chairman will likely ensure the company's independence in the near-term, we believe that the large insider ownership (approximately 16% of shares outstanding) and aging board of directors could lead to an eventual sale.”
CVBF has a $10 Price Target and closed yesterday at $9.53 a share.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in