Old National Bancorp price target raised to $27, called a 2025 top pick at Citi

Citi raised the firm’s price target on Old National Bancorp (ONB) to $27 from $22 and keeps a Buy rating on the shares after having refreshed the firm’s model for the company’s updated guidance and pending acquisition of Bremer. While the firm believes the deal is likely to close in mid-Q2 of 2025, it also believes Old National is “well-positioned to see continued upside/out-performance though 2025 from today’s valuation,” calling the stock a “top pick for 2025.”