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Fly News Breaks for June 6, 2017
CIT
Jun 6, 2017 | 06:59 EDT
Despite rising 22% since the announced sale of its commercial aircraft business on October 6, shares of CIT Group remains one of the most "compelling values" in the banking sector, Oppenheimer analyst Chris Kotowski tells investors in a research note. The stock remains "way too cheap" at around tangible book value, the analyst contends. He keeps an Outperform rating on CIT with a $54 price target.
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