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Fly News Breaks for February 9, 2018
ONB
Feb 9, 2018 | 09:06 EDT
Hilliard Lyons analyst Andrew Stapp upgraded Old National Bancorp to Buy from Neutral, stating he does not understand why the stock and the wider banking sector have been negatively impacted by the recent pullback in equity valuations. While higher interest rates will constrain profitability for most sectors, a steeper yield curve is a clearly a positive development for banks, concluded Stapp, who raised his price target on Old National to $19.00 from $18.50.
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