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Fly News Breaks for March 18, 2019
CATY
Mar 18, 2019 | 06:30 EDT
Piper Jaffray analyst Matthew Clark finds shares of Cathay General Bancorp more attractive into the company's Q1 results. The stock has lagged year-to-date and the company's operating earnings in Q1 should exceed expectations, Clark tells investors in a research note. He also believes Cathay's share buyback remained active in Q1 and that the company likely to reauthorize another repurchase program in Q2. He keeps an Overweight rating on the shares with a $49 price target.
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