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Fly News Breaks for September 4, 2018
AMAL
Sep 4, 2018 | 07:01 EDT
JPMorgan analyst Steven Alexopoulos started Amalgamated Bank with an Overweight rating and $21 price target. The analyst believes the company will "separate itself from the pack as deposit betas start to rise and investors abandon low-quality growth names in favor of banks that are able to fund loan growth with low-cost deposits." He views the stock's risk/reward as favorable at current valuation levels.
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