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Fly News Breaks for November 2, 2015
BOFI
Nov 2, 2015 | 09:32 EDT
Keefe Bruyette believes that the recent weakness of Bofi's stock has been caused by a wrongful termination lawsuit. The firm says that the allegations within the lawsuit are "stale" as they have been reviewed and dismissed by regulators. The firm lowered its price target on the stock to $120 from $148 in response to the lawsuit but keeps an Outperform rating on the shares.
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