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Fly News Breaks for April 19, 2018
CATY
Apr 19, 2018 | 06:23 EDT
DA Davidson analyst Gary Tenner lowered his price target on Cathay General to $43.50 after the bank's Q4 results. Tenner notes that while the earnings were in line and net interest margins were better than expected, loan growth was "moderate" and credit provision was negative for the 25th consecutive quarter. The analyst keeps his Neutral rating on Cathay General.
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