CVB Financial price target lowered to $21 from $22 at Wedbush

Wedbush lowered the firm’s price target on CVB Financial to $21 from $22 and keeps a Neutral rating on the shares. The firm notes CVB reported an in-line quarter with better-than-expected noninterest income being offset by lower-than-expected net interest income, driven by a lower net interest margin and lower earning asset growth.