J.P.Morgan initiates Old National Bancorp at 'overweight' rating

Old National Bancorp

11/09/2026 16:24

** J.P.Morgan initiates Old National Bancorp ONB.O with "overweight", PT of $32; implies 25% upside to last close
** "We view ONB as a long-term outperformer rather than a near-term pick" - brokerage
** Says ONB well-positioned to continue growing its balance sheet above peers in coming years, supporting a growth profile on just about any metric
** Adds that over the past five years, the firm has more than tripled its balance sheet size to $74 billion in assets as of 2Q26
** Eight of 12 analysts rate stock "strong buy" or "buy", and four "hold"; their median PT is $29 - data compiled by LSEG
** Including session's move, stock up 14.6% YTD    


 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com;))