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Fly News Breaks for October 24, 2017
BMRC
Oct 24, 2017 | 06:58 EDT
DA Davidson analyst Jeff Rulis raised his price target on Bank of Marin to $72 after Q3 earnings, noting the bank outperformed expectations on balance sheet growth while keeping new deposit cost expenses in check. Rulis also notes that management has confirmed there has not been much pricing pressure from competition recently. The analyst maintains a Neutral rating on the stock while monitoring the impact of recent fires in California's Napa and Sonoma counties.
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