Information Provided By: 
Fly News Breaks for November 30, 2017
BKU, SBNY, CATY
Nov 30, 2017 | 06:41 EDT
BMO Capital analyst Lana Chan downgraded Cathay General (CATY) to Market Perform from Outperform with a $45 price target citing valuation. Chan says that after an 18% year-to-date rally, the stock has gone from a 1.5-times PE multiple discount relative to peers to roughly in line, even though fundamentals for the bank remain positive to produce above-average loan growth. The analyst says she now prefers Signature Bank (SBNY) and BankUnited (BKU) within the smid-cap bank universe.
News For CATY;SBNY;BKU From the Last 2 Days
