Old National Bancorp price target raised to $29 from $28 at Raymond James

Raymond James raised the firm’s price target on Old National Bancorp (ONB) to $29 from $28 and keeps a Strong Buy rating on the shares following the Q4 results. Raymond James remains bullish on Old National, as it was an early mover in this M&A cycle, enabling the bank to secure excellent financial terms in the Bremer deal, which should drive incremental interest in the shares, the analyst tells investors in a research note.