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Fly News Breaks for July 22, 2015
CIT
Jul 22, 2015 | 07:15 EDT
Stifel expects the accretion from CIT's acquisition of OneWest, which was approved by regulators yesterday, to significantly exceed expectations. The firm expects CIT to provide updated estimates of the accretion next week. The firm expects the updated accretion guidance to exceed CIT's initial guidance. Stifel also predicts that CIT's Q2 EPS will come in above expectations. Stifel raised its price target on CIT to $52 from $50 and keeps a Buy rating on the stock.
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