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Fly News Breaks for October 25, 2018
CHFC
Oct 25, 2018 | 08:53 EDT
Stephens analyst Terry McEvoy believes Chemical Financial shares are overreacting to the company's Q3 earnings report, which featured NIM compression and NPL growth. He notes that one of the two NPL issues has been resolved and he remains confident in Chemical's growth and ability to improve profitability. McEvoy lowered his price target on Chemical Financial shares to $60 from $64, but keeps an Overweight rating on the name.
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