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Fly News Breaks for November 16, 2018
ACBI
Nov 16, 2018 | 08:47 EDT
As previously reported, Raymond James upgraded Atlantic Capital (ACBI) to Outperform from Market Perform with a $20 price target. Analyst William Wallace views Atlantic's divestiture of its Tennessee and North Georgia franchise to FB Financial (FBK) is a strategic and financial positive as it allows the company to focus on its core business banking expertise, its Atlanta operations, and provides accretion.
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