Jefferies Maintains Hold And PT Of $12.5 On Old National Bancorp (ONB)

Jefferies maintained its Hold rating on Old National Bancorp ONB in a research report published today. Jefferies also left its price target unchanged at $12.5. In the report, Jefferies states, "The company continues to make progress on strategic initiatives (executing the Monroe transaction and improving efficiency), but it will be difficult to improve returns meaningfully without an increase in commercial loan growth. We are maintaining our $12 price target and Hold rating." On Monday, Old National closed at $10.57.