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Fly News Breaks for December 21, 2016
NYCB, AF
Dec 21, 2016 | 05:50 EDT
FBR Capital analyst Bob Ramsey downgraded Astoria Financial to Underperform following the termination of the company's sale to New York Community Bank (NYCB). The analyst believes a better takeout offer is unlikely and thinks the current valuation reflects takeout hopes. He upped his price target for Astoria shares to $15 from $13.50.
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