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Fly News Breaks for January 31, 2018
CATY
Jan 31, 2018 | 08:09 EDT
BMO Capital analyst Lana Chan raised her price target on Cathay General to $51 and kept her Market Perform rating following Q4 results. Despite the miss in core EPS, the analyst cites the company's 2018 outlook that forecasts an 8% organic loan growth and better than expected net interest margin growth to 3.7-3.8% range.