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Fly News Breaks for April 11, 2017
BANC
Apr 11, 2017 | 06:55 EDT
Wells Fargo analyst Timur Braziler upgraded Banc of California to Outperform following day of investor meetings with management in Chicago. The analyst is now "incrementally more comfortable" with the ongoing SEC investigation and that all options, including a sale, are in play. The analyst views the current valuation as inexpensive and raised his price target range for the stock to $24-$26 from $19-$20.
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