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Fly News Breaks for October 26, 2017
BANR
Oct 26, 2017 | 16:55 EDT
Piper Jaffray analyst Matthew Clark downgraded Banner Corp. to Neutral and cut its price target to $59 form $62 citing lack of catalysts to right-size elevated efficiency and capital rations anytime soon. The analyst previously assumed more aggressive cost cutting efforts or accretive acquisitions that would drive earnings growth but cut estimates to reflect lower margin and weaker GOS revenue.
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