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Fly News Breaks for December 6, 2016
SBNY, TCB, BKU
Dec 6, 2016 | 05:36 EDT
Barclays analyst Matthew Keating upgraded BankUnited (BKU) to Overweight saying the environment for U.S. Mid-Cap Banks "improved considerably" in the month following the U.S. presidential election. The analyst adds that the shares trade at a valuation discount despite loan growth expectations that are nearly double that of its peers. He raised his price target for BankUnited to $40 from $32. Keating's top pick in the space moves to TCF Financial (TCB) from Signature Bank (SBNY).
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